Kuang-Chi Technologies' controlling shareholder fully releases pledged shares

Kuang-Chi Technologies Co., Ltd. recently announced that its controlling shareholder, Tibet Yingbang Industrial Development Co., Ltd. (Tibet Yingbang), has fully released all pledged shares. This involves a total of 64,070,000 shares, representing 12.92% of Tibet Yingbang's holdings and 2.97% of the company's total share capital. The pledges were initiated on July 10, 2018, and July 30, 2018, and were released on October 31, 2025. The pledgee was CITIC Trust Co., Ltd.

As of the disclosure date, Tibet Yingbang holds 495,770,667 shares, accounting for 23.01% of Kuang-Chi Technologies' total share capital. Following the full release, Tibet Yingbang no longer has any shares pledged or frozen. This action resolves potential indirect risks to the company arising from the controlling shareholder's high debt and pledge ratio, stabilizing the company's control and improving conditions for sustainable development.

Tibet Yingbang has completed a series of debt restructuring efforts through agreement transfers and block trades, using the proceeds to repay its debts and reduce its pledge ratio. The controlling shareholder currently has no plans to reduce its shareholding in the company. Kuang-Chi Technologies will continue to monitor shareholder pledge situations and related risks, fulfilling its information disclosure obligations.