Kingkey Smart Agriculture shareholder unpledges significant stock holding

Shenzhen Kingkey Smart Agriculture Times Co. recently disclosed that its controlling shareholder, Kingkey Group Co., Ltd., has released 17,000,000 shares from pledge. These shares, representing 3.21% of the company's total share capital, were originally pledged to Ping An Bank Co., Ltd. Shenzhen Branch.

Following this release, Kingkey Group's pledged shares now account for 11.58% of its total holdings and 2.85% of the company's total share capital. As of the announcement date, Kingkey Group and its acting-in-concert party, Shenzhen Kingkey Times Industrial Co., Ltd., collectively have 266,634,360 shares pledged, representing 87.98% of their combined holdings and 50.28% of the company's total share capital.

The company stated that the pledged shares do not face any liquidation risk, and the pledging event will not impact the company's production, operations, or corporate governance. Shenzhen Kingkey Smart Agriculture Times will continue to monitor the progress of share pledging matters and fulfill its disclosure obligations.