Kuang-Chi Technologies' controlling shareholder reduces stake to address debt

Tibet Yangbang Industrial Development has reduced its holdings in Kuang-Chi Technologies through two main actions between August 27, 2025, and September 1, 2025. First, Tibet Yangbang transferred 107,729,394 shares, representing 5.00% of the company's total share capital, to Zhuzhou New Materials Investment Development Partnership via an agreement transfer completed on August 29, 2025. This transaction was valued at CNY 1,850,000,000.

Additionally, Tibet Yangbang sold 21,555,905 shares, equivalent to 1.00% of the total share capital, through block trades during the same period. These divestitures reduce Tibet Yangbang's total holding from 36.00% to 30.00%. These actions align with Tibet Yangbang’s strategy to address its debt burden, reduce pledge rates, and introduce strategic investors, as disclosed in prior announcements.