Linzhou Heavy Machinery: Controlling shareholder's son releases significant share pledge

Linzhou Heavy Machinery Group Co., Ltd. announced that 5,180,160 shares held by Mr. Guo Hao, son of the company's controlling shareholder and de facto controller, have been released from pledge. This represents 80.00% of Mr. Guo Hao's total shares and 0.65% of the company's total share capital. The pledge, originally initiated on September 27, 2024, was released on October 14, 2025. The shares were pledged to Beijing Zhongguancun Science and Technology Finance Guarantee Co., Ltd.

Following this release, the cumulative pledged shares of the company's controlling shareholder and their concerted parties stand at 238,370,000 shares, representing 75.22% of their total holdings and 29.73% of the company's total share capital. Specifically, controlling shareholder Guo Xiansheng has 189,120,000 shares pledged, representing 79.85% of his holdings. Han Luzhen, a concerted party, has 49,250,000 shares pledged, or 69.81% of her holdings.

The company stated there is currently no risk of forced liquidation for the pledged shares held by its controlling shareholder and concerted parties. Linzhou Heavy Machinery will continue to monitor the pledge situation and associated risks, adhering strictly to relevant regulations and promptly fulfilling its information disclosure obligations.