Kuangda Technology's controlling shareholder adjusts share pledges

Kuangda Technology Group announced that its controlling shareholder and de facto controller, Shen Jieliang, has executed several share pledge transactions. On November 18, 2025, Shen Jieliang pledged 6,000,000 shares, representing 8.75% of his total holdings and 4.08% of the company's total share capital, with Caitong Securities Asset Management Co., Ltd. The purpose of this new pledge is to replace existing pledged shares.

Concurrently, Shen Jieliang released a pledge of 6,000,000 shares, which also represented 8.75% of his holdings and 4.08% of the company's total share capital. This release, effective from November 19, 2025, was also with Caitong Securities Asset Management Co., Ltd. Additionally, an existing pledge of 6,790,000 shares, representing 9.90% of Shen Jieliang's holdings and 4.62% of the company's total share capital, was extended with Guotai Haitong Securities Co., Ltd. for personal financing, with the new maturity date set for November 21, 2025.

As of the disclosure date, Shen Jieliang and his concerted parties cumulatively have 182,900,000 shares pledged, accounting for 26.67% of their total holdings and 12.44% of Kuangda Technology's total share capital. The company clarified that these pledge-related activities do not materially impact its production, operations, or corporate governance, nor do they involve performance compensation obligations or pose any immediate risk of forced liquidation.