Guizhou Tyre's controlling shareholder extends and increases share pledge

Guizhou Tyre announced that its controlling shareholder, Guiyang Industrial Investment, has executed continuations and supplemental share pledges, which does not involve new financing. The total shares pledged were increased to 16,228,000, representing 4.76% of its total holdings and 1.04% of Guizhou Tyre's total share capital. Specifically, 13,578,000 shares were extended until July 9, 2025, and 2,650,000 shares were added to the pledge until July 8, 2026. As of this announcement date, Guiyang Industrial Investment holds 340,696,340 shares, representing 21.91% of Guizhou Tyre. 155,050,000 shares are now pledged, accounting for 45.51% of its holdings and 9.97% of the company's total share capital. Guiyang Industrial Investment has stated that it has sufficient financial capacity and will take measures to prevent risks from the pledge.