Ningbo Zhongda Leader shareholder unpledges significant block of shares

Ningbo Zhongda Leader Intelligent Transmission Co., Ltd. (stock code: 002896) announced that its major shareholder, Zhongda (Hong Kong) Investment Co., Ltd., has released a significant portion of its pledged shares. A total of 16,055,000 shares, representing 37.39% of Zhongda (Hong Kong)'s total holdings and 8.17% of the company's total share capital, were unpledged. The pledged period for these shares ran from October 19, 2021, to November 25, 2025, with China Agricultural Bank Co., Ltd., Cixi Branch, serving as the pledgee.

Following this transaction, as of the disclosure date, Zhongda (Hong Kong) and its concerted parties—Ningbo Zhongda Investment Co., Ltd., Cixi Deli Investment Management Partnership (Limited Partnership), and Cixi Dezheng Investment Management Partnership (Limited Partnership)—no longer have any pledged shares. The company stated it would continue to monitor the pledge status and risks of its shareholders and disclose relevant information promptly.

This announcement highlights a notable change in the financial status of a key investor, potentially improving the shareholder's liquidity and reducing any associated financial risks for Ningbo Zhongda Leader. The company emphasizes its commitment to transparency regarding such significant shareholder activities.