Hubei Dinglong controlling shareholder extends share pledge repurchase

Hubei Dinglong announced that its controlling shareholder and co-actual controller, Mr. Zhu Shuangquan, has extended the repurchase period for 2,400,000 shares previously pledged. These shares represent 1.72% of Mr. Zhu Shuangquan’s total holdings and 0.25% of the company’s total share capital. The original pledge was set to expire on December 12, 2025, and has now been extended to December 11, 2026. The pledge is for personal financing and involves Huatai Securities Co., Ltd. as the pledgee. The company emphasized that this transaction does not involve any new financing arrangements.

As of the announcement date, Mr. Zhu Shuangquan and his concerted parties have 26,680,000 shares pledged, representing 9.62% of their total holdings in Hubei Dinglong. This includes 22,880,000 shares from Mr. Zhu Shuangquan and 3,800,000 shares from Mr. Zhu Shunquan. All pledged shares are currently unencumbered. The company stated that Mr. Zhu Shuangquan’s credit status is good, with strong repayment capabilities, and the pledge poses no risk of liquidation, nor will it impact the company's production, operations, or governance.

The company's total share capital has increased from 938,282,591 shares to 947,194,573 shares as of December 11, 2025. This increase is primarily due to the exercise of 8,905,942 shares from the 2024 stock option incentive plan and the conversion of 6,040 shares from “Dinglong Convertible Bonds.”