Tian Shan Aluminium's controlling shareholder unpledges 60 million shares

Tian Shan Aluminium Group Co., Ltd. announced that its controlling shareholder, Shihezi Jinlong Energy Industry Chain Co., Ltd. ("Jinlong Energy"), has successfully released a total of 60 million pledged shares. This represents 6.57% of Jinlong Energy's total holdings in Tian Shan Aluminium and 1.29% of the company's total share capital. The two separate transactions saw 32 million shares and 28 million shares unpledged, with start dates of November 21, 2024, and December 17, 2024, respectively, both concluding on September 9, 2025. The pledgee for both transactions was DBS Securities (China) Co., Ltd.

Following these releases, Jinlong Energy's cumulative pledged shares now stand at 309.4063 million, representing 33.90% of its holdings and 6.65% of Tian Shan Aluminium's total share capital. The company clarified that its current production and operations remain normal, and Jinlong Energy maintains a positive outlook on the company's long-term stable development.

The announcement emphasizes that Jinlong Energy's credit status and repayment capabilities mitigate any immediate risks of forced liquidation or transfer, thus posing no significant impact on the company's operations, governance, or actual control. Tian Shan Aluminium will continue to monitor the pledge status of its shares and fulfill its disclosure obligations.