China Tianying's controlling shareholder pledges shares to optimize debt

China Tianying Co., Ltd. announced that its controlling shareholder, Nantong Qianchuang Investment Co., Ltd. (Nantong Qianchuang), has pledged 11,006,000 shares. This represents 26.11% of its total holdings and 4.61% of the company's total share capital. The pledge, initiated on November 14, 2025, with Zhongyuan Trust Co., Ltd., aims to replace prior pledged borrowings and improve debt structure.

As of the announcement date, Nantong Qianchuang and its concerted parties have a cumulative 51,832,000 shares pledged. This represents 87.74% of their total holdings and 21.70% of China Tianying's total share capital.

Nantong Qianchuang expects to repay existing borrowings using its own funds and self-raised capital. The company clarified that the pledge is not expected to change the actual control of the company, impact its operations, or trigger performance compensation obligations, affirming strong financing channels and good credit standing.