Anning Iron and Titanium's controlling shareholder pledges significant shares

Sichuan Anning Iron And Titanium Co., Ltd. announced that its controlling shareholder, Chengdu Zidong Investment Co., Ltd. (Zidong Investment), has pledged 41,110,000 shares of the company. This represents 24.18% of Zidong Investment's total holdings and 8.71% of Anning Shares' total share capital. The pledge began on September 8, 2025, and will last until de-registration of the pledge, with China Galaxy Securities Co., Ltd. named as the pledgee. The purpose of the pledge is to meet funding requirements.

Prior to this transaction, Zidong Investment had no pledged shares. Following this pledge, the total number of shares pledged by Zidong Investment amounts to 41,110,000, representing 24.18% of its holdings and 8.71% of the company's total share capital. Including shares pledged by parties acting in concert, the total pledged shares reach 61,110,000, accounting for 38.89% of their combined holdings and 12.95% of the company’s total share capital.

The company confirmed that Zidong Investment's pledged shares do not involve any major asset restructurings or performance compensation obligations. Anning Shares also stated there is no risk of forced liquidation for the pledged shares, and the transaction will not alter the actual control of the company, nor will it impact the company's production, operations, or governance.