Kuang-Chi Technologies' major shareholder unpledges significant stock

Kuang-Chi Technologies announced that its controlling shareholder, Tibet Yingbang Industrial Development Co., Ltd., has released a significant portion of its pledged shares. A total of 260,474,815 shares, representing 51.79% of Tibet Yingbang's holdings and 12.09% of Kuang-Chi Technologies' total share capital, were unpledged. The release involved two tranches: 205,274,815 shares initially pledged on February 20, 2017, and 55,200,000 shares pledged on June 28, 2018. Both were pledged with CITIC Trust Co., Ltd. and released by October 30, 2025.

Following this transaction, Tibet Yingbang's remaining pledged shares amount to 64,070,000, which constitutes 12.74% of its total holdings and 2.97% of the company's total share capital. As of the announcement date, Tibet Yingbang holds 502,901,087 shares, representing 23.34% of Kuang-Chi Technologies. The company emphasized that there is no risk of the remaining pledged shares being foreclosed or frozen, and the release will not lead to a change in the company's actual control or impact its daily operations.