Linzhou Heavy Machinery's controlling shareholder adjusts pledged holdings

Linzhou Heavy Machinery Group announced that its controlling shareholder, Guo Xiansheng, recently processed the release and re-pledge of a portion of his shares. A total of 13m shares were released from pledge on September 5, 2025, representing 5.49% of his holdings and 1.62% of the company's total share capital. These shares were originally pledged to Huzhou Economic Development Zone Yongxin Microfinance Co.

Concurrently, 13m shares were re-pledged to Nanjing Zijin Asset Management Co. for personal use, effective from September 4, 2025, until the completion of pledge release registration. This re-pledge also represents 5.49% of Guo Xiansheng's holdings and 1.62% of the company's total share capital.

As of the announcement date, the controlling shareholder and his concerted parties have a cumulative 243.55m shares pledged, accounting for 76.85% of their total holdings and 30.38% of the company's total share capital. The company states there is currently no risk of forced liquidation for the pledged shares.