Kuang-Chi Technologies' controlling shareholder reduces pledge and stake

Kuang-Chi Technologies announced that its controlling shareholder, Tibet Yingbang Industrial Development Co., Ltd., has released 33,665,435 pledged shares. These shares represent 5.58% of its total holdings and 1.56% of the company's total share capital. The shares were pledged to CITIC Trust Co., Ltd. from February 20, 2017, to September 17, 2025. This release brings Tibet Yingbang's total pledged shares to 566,935,949, or 93.97% of its holdings and 26.31% of the company's total share capital.

Additionally, between September 15 and September 18, 2025, Tibet Yingbang reduced its stake by 19,391,752 A-shares through block trades, representing 0.90% of Kuang-Chi Technologies' total share capital. This transaction reduced Tibet Yingbang's holdings from 622,676,353 shares (28.90%) to 603,284,601 shares (28.00%), triggering the 1% integer multiple change.

The company confirmed that these changes will not result in a change of control or negatively impact its corporate governance or ongoing operations. The funds generated from the share transfers were used to resolve outstanding debts and further decrease the pledge ratio.