Kuangda Technology controlling shareholder unpledges significant block of shares

Kuangda Technology Group Co., Ltd. announced that its controlling shareholder, Shen Jielang, has unpledged 30,000,000 shares. This represents 4.37% of his total holdings and 2.04% of the company's total share capital. The pledge, held by Caitong Securities Asset Management Co., Ltd., was initiated on November 13, 2024, and released on November 13, 2025.

Following this release, Shen Jielang's cumulative pledged shares now stand at 182,900,000 shares, accounting for 26.67% of his total holdings and 12.44% of the company's total share capital. The company asserts that Mr. Shen Jielang's credit status is good, with no risk of liquidation, indicating controlled pledge risk.

The announcement also noted that Jiangsu Kuangda Entrepreneurship Investment Co., Ltd., an entity acting in concert with the controlling shareholder, holds 45,433,890 shares (3.09%) with no shares currently pledged. The combined total pledged shares for Shen Jielang and his concerted parties amount to 182,900,000 shares, representing 24.77% of their total holdings and 12.44% of the company's total share capital.