Linzhou Heavy Machinery share pledge activity announced

Linzhou Heavy Machinery Group (SZSE:002535) announced that controlling shareholder Guo Xiansheng released a total of 10,180,000 shares from pledge and subsequently re-pledged 9,400,000 shares. Additionally, Guo Chuan, a person acting in concert with Guo Xiansheng, pledged 2,000,000 shares. The initial pledge involved 1,000,000 shares pledged to Hainan Runtai Xinmao Small Loan Co., Ltd. and 9,180,000 shares pledged to Guangdong Shunyin Industrial Finance Investment Co., Ltd., both released on February 24, 2025. As of the announcement date, Guo Xiansheng directly holds 29.54% of Linzhou Heavy Machinery's shares, with cumulative pledged shares reaching 184,870,000, representing 78.05% of his holdings and 23.06% of the company's total share capital. The company states that the share pledge activities do not currently pose any risk of forced liquidation and it will continue to monitor and disclose related information in compliance with regulations.