Kuang-Chi Technologies' controlling shareholder unpledges significant block of shares

Kuang-Chi Technologies Co., Ltd. announced on August 28, 2025, that its controlling shareholder, Tibet Yingbang Industrial Development Co., Ltd., has unpledged 33,665,435 shares. This represents 4.34% of Tibet Yingbang's total shareholding and 1.56% of Kuang-Chi Technologies' total share capital. The pledge, originally established on February 20, 2017, was released on August 26, 2025, with China Trust Co., Ltd. as the pledgee.

Following this release, Tibet Yingbang's remaining pledged shares amount to 741,996,213, accounting for 95.66% of its total holdings and 34.44% of the company's total share capital. As of the announcement date, there are no pledged shares that are restricted, frozen, or marked.

The company affirmed that the remaining pledged shares do not face risks of forced liquidation or freezing and will not lead to a change in the company's actual control. This development is not expected to impact Kuang-Chi Technologies' day-to-day operations. The company pledged to continue monitoring the pledge situation and related risks.