Zangge Mining: major shareholder unpledges significant block of shares

Zangge Mining announced today that Sichuan Yonghong Industrial Co., Ltd. (Yonghong Industrial), a shareholder holding over 5% of the company's stock, has partially released pledged shares. A total of 11,837,385 shares were unpledged, representing 24.00% of Yonghong Industrial's total holdings and 0.75% of Zangge Mining's total share capital. This transaction involved two separate releases, with China Securities as the pledgee.

Following this release, Yonghong Industrial's cumulative pledged shares now stand at 12,495,750, representing 25.34% of its total holdings. The company also confirmed that there are currently no risks of forced liquidation or transfer of the pledged shares.

Zangge Mining stated it will continue to monitor the progress of its share pledges and fulfill its information disclosure obligations. Investors are advised to be aware of potential investment risks.