Linzhou Heavy Machinery's main shareholder re-pledges stock

Linzhou Heavy Machinery Group Co., Ltd. (SZSE:002535) announced that its controlling shareholder, Guo Xiansheng, has undergone a series of share transactions involving the release and subsequent re-pledge of company stock. Specifically, Guo Xiansheng released a total of 24,200,000 shares from pledge across three separate agreements with different lenders, representing 10.22% of his holdings and 3.02% of the company's total share capital. Simultaneously, Guo Xiansheng re-pledged 21,900,000 shares, accounting for 9.25% of his holdings and 2.73% of the total share capital, to JIAXING JIAWU PAWNBROKERAGE CO., LTD. These transactions leave Guo Xiansheng with a total of 184,370,000 of his shares pledged, representing 77.84% of his holdings and 23.00% of the company's total share capital. The company stated that Guo Xiansheng's pledged shares do not currently face liquidation risks.