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

Tibet Yangbang Industrial Development Co., Ltd., the controlling shareholder of Kuang-Chi Technologies, transferred 18,237,635 shares, representing 0.85% of the company's total share capital, through block trades between October 15 and October 17, 2025. This reduced Tibet Yangbang's holding from 25.85% to 25.00%, triggering the 1% integer multiple threshold.

More broadly, from September 8 to October 17, 2025, Tibet Yangbang cumulatively transferred 107,729,387 shares, representing 5.00% of the total share capital. This activity decreased its stake from 30.00% to 25.00%, crossing the 5% integer multiple threshold. The purpose of these transactions is to resolve related debts and decrease the share pledge ratio, which currently stands at 60.37% of Tibet Yangbang's holdings.

The company stated that these equity changes will not alter the controlling shareholder or actual controller, nor will they impact corporate governance or ongoing operations. Tibet Yangbang does not rule out further share reductions within the next 12 months.