Lingyi iTech: Controlling shareholder releases part of share pledge

Lingyi iTech (SZSE:002600) announced that its controlling shareholder, Ling Sheng Investment, has released a portion of its pledged shares. The release involved 50,000,000 shares, representing 1.21% of Ling Sheng Investment's holdings and 0.71% of Lingyi iTech's total share capital. The pledge was originally initiated on April 24, 2024, and the release occurred on April 24, 2025. Post-release, Ling Sheng Investment and its consistent actor, Zeng Fangqin, still have a total of 252,100,000 shares pledged. The company states that the share pledge does not pose a risk of forced liquidation and will not impact the company's operations or governance. Lingyi iTech will continue to monitor the pledge situation.