Tianshan Aluminum's controlling person pledges shares to repay debt

Tianshan Aluminum Group Co. (002532) reported today that its controlling person, Zeng Chaoyi, pledged 31.25 million shares, representing 7.94% of his total holdings and 0.67% of the company's total share capital. The pledge, effective from September 24, 2025, to September 24, 2027, was made to China CITIC Bank Securities Co. to repay existing debt.

Following this pledge, Zeng Chaoyi's cumulative pledged shares amount to 144.35 million shares, representing 36.66% of his total holdings. The company's controlling shareholder and their concerted parties have a total of 725.7498 million pledged shares, accounting for 37.43% of their combined holdings and 15.60% of the company's total share capital.

The company stated that this share pledge is for repaying existing debt and not for operational needs. The controlling shareholder's credit standing is good, and they possess strong debt repayment capabilities, ensuring no significant impact on the company's operations, governance, or change in actual control. The company will continue to monitor the progress of pledged shares and fulfill information disclosure obligations.