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

Kuang-Chi Technologies Co., Ltd. recently disclosed that its controlling shareholder, Tibet Yingbang Industrial Development Co., Ltd. ("Tibet Yingbang"), has successfully released a portion of its pledged shares. A total of 33,665,435 shares, representing 5.21% of Tibet Yingbang's total holdings and 1.56% of the company's total share capital, were unpledged. The original pledge date was February 20, 2017, with the release occurring on September 5, 2025, from CITIC Trust Co., Ltd.

Following this release, Tibet Yingbang's cumulative pledged shares now stand at 600,601,384, representing 92.92% of its total holdings and 27.88% of Kuang-Chi Technologies' total share capital. Tibet Yingbang holds 646,376,353 shares, accounting for 30.00% of the company's total share capital.

The company stated that as of the disclosure date, the remaining pledged shares held by Tibet Yingbang are not at risk of being liquidated or frozen, and this event will not lead to a change in the company's actual control or impact its daily operations. Kuang-Chi Technologies will continue to monitor share pledge situations and associated risks, adhering strictly to relevant laws and regulations for information disclosure.