Beijing KBL Software Systems associate pledges shares

Beijing KBL Software Systems Co., Ltd. announced that Ningbo KBL Shenghe Investment Management Partnership, a concerted party of the controlling shareholder, has pledged 1m shares. The transaction, initiated on November 13, 2025, represents 4.71% of the associate's total holdings and 0.21% of the company's total share capital. The pledge, to *** Co., Ltd., is for the associate's own financing needs and will remain in effect until the pledgee’s application is concluded.

As of the disclosure date, the controlling shareholder and its concerted parties have cumulatively pledged 39.45m shares, accounting for 80.59% of their total holdings and 8.24% of the company's total share capital. These pledges correspond to a financing balance of CNY 35,750万元. The company noted that the current overall pledge risk is controllable, with no immediate delisting risk or change in actual control.

The company stated that the high pledge ratio is primarily due to the controlling shareholder and its concerted parties' operational financing needs. They affirm good credit standing and repayment capability, with funds sourced from self-owned or self-raised capital.