Kuang-Chi Technologies' controlling shareholder unpledges significant share block

Kuang-Chi Technologies Co., Ltd. announced today that its controlling shareholder, Tibet Yingbang Industrial Development Co., Ltd., has unpledged 30,691,168 shares. This block of shares represents 5.70% of Tibet Yingbang's total holdings and 1.42% of Kuang-Chi Technologies' total share capital. The pledge, held by Tianjin Jinnan State-owned Capital Investment and Operation Group Co., Ltd., commenced on January 6, 2025, and was released on October 17, 2025.

As of the disclosure date, Tibet Yingbang holds a total of 538,646,966 shares, accounting for 25.00% of Kuang-Chi Technologies' total share capital. Following this unpledging, the cumulative number of pledged shares held by Tibet Yingbang stands at 325,201,941, representing 60.37% of its total holdings and 15.09% of the company's total share capital. There are no pledged shares that are restricted, frozen, or marked.

Kuang-Chi Technologies stated that the remaining pledged shares held by Tibet Yingbang are not at risk of forced liquidation or freezing, and this event will not lead to a change in the company's actual control or impact its daily production and operation. The company will continue to monitor the pledge status and associated risks, fulfilling its information disclosure obligations.