Kuang-Chi Technologies' controlling shareholder reduces stake to repay debt

Tibet Yingbang Industrial Development, the controlling shareholder of Kuang-Chi Technologies, transferred 23,700,000 shares of the company's stock through block trading between September 8 and September 12, 2025. This transaction represents 1.10% of the company's total share capital.

Before this change, Tibet Yingbang held 30.00% of the total share capital. Following the transaction, its stake decreased to 28.90% of the total share capital. The proceeds from the share transfer will be used to resolve outstanding debts and reduce the pledge ratio.

The company confirmed that this equity change will not result in a change of control or affect its governance structure and continuous operations. The transaction adheres to relevant laws and regulations.