Zhangyuan Tungsten's controlling shareholder reduces stake, unwinds pledged shares

Chongyi Zhangyuan Tungsten announced that its controlling shareholder, Chongyi Zhangyuan Investment Holdings Co., Ltd., along with concerted party Huang Shichun, reduced their combined stake by 13,852,900 shares, representing 1.1530% of the total share capital. This transaction, executed via block trades on November 7 and December 3, 2025, lowered their total holdings from 58.7742% to 57.6212%. This reduction follows a previously disclosed plan to sell up to 24,000,000 shares within three months.

Concurrently, Chongyi Zhangyuan Investment Holdings released 9,500,000 pledged shares, representing 1.37% of its holdings or 0.79% of the company's total share capital. These shares were pledged to Industrial Bank Co., Ltd. Ganzhou Branch and were released on December 1, 2025.

Post-release, the controlling shareholder's total pledged shares amount to 370,330,000, accounting for 53.54% of its remaining stake and 30.82% of the company's total share capital. The company asserts that the controlling shareholder maintains strong credit and the unpledging does not pose operational risks.