Sichuan Shuangma: Controlling shareholder extends stock pledge

Sichuan Shuangma Cement (SZSE:000935) announced that its controlling shareholder, Beijing Harmony Hengyuan Technology, has extended the pledge of 16,666,667 shares, representing 4.12% of its holdings and 2.18% of the company's total share capital. The original pledge was made on April 23, 2024, and was set to expire on June 20, 2025; the extension pushes the expiration date to June 18, 2026. The pledge is held by Guotai Haitong Securities and is for debt repayment purposes. As of the announcement date, Harmony Hengyuan directly holds 202,446,032 shares of Sichuan Shuangma, accounting for 26.52% of the total share capital. The cumulative pledged shares by Harmony Hengyuan amount to 107,406,667 shares, representing 14.07% of Sichuan Shuangma's total share capital. The company stated that Harmony Hengyuan possesses the ability to repay its debts and that the share pledge does not pose a risk of forced liquidation.