Konfoong materials' controlling shareholder adjusts pledged shares

Yao Lijun, the controlling shareholder and actual controller of Konfoong Materials International, has processed the release of pledged shares and an extension of repurchase for a portion of his holdings. Specifically, 960,000 shares were released from pledge, representing 1.69% of his total holdings and 0.36% of the company's total share capital. The original pledge started on 2024-9-18, with the release date recorded as 2025-9-18, and the counterparty was Guotai Haitong Securities Co., Ltd.

Concurrently, Yao Lijun also extended the repurchase period for 5,300,000 shares, equivalent to 9.34% of his total holdings and 2.00% of the company's total share capital. This extension pushes the new repurchase deadline from 2026-9-18, with the pledge also starting on 2024-9-18. The purpose of this extended pledge is to repay previous stock pledge financing.

Following these transactions, Yao Lijun's cumulative pledged shares amount to 20,671,200 shares, which constitutes 36.41% of his total holdings and 7.79% of Konfoong Materials' total share capital. None of the currently pledged shares are restricted or frozen.