Linzhou Heavy Machinery's controlling shareholder unpledges significant shares

Linzhou Heavy Machinery Group Co., Ltd. announced that its controlling shareholder, Guo Xiansheng, has successfully unpledged 7.7 million shares. This transaction represents 3.25% of his total shareholding and 0.96% of the company's total share capital. The shares were originally pledged to the Bank of China, Anyang Branch, with the pledge released on December 25, 2025.

Following this release, Guo Xiansheng's cumulative pledged shares now stand at 181.42 million, accounting for 76.60% of his total holdings and 22.63% of the company's total share capital. Other consistent acting parties, Han Luchen and Guo Hao, maintain pledged proportions of 73.42% and 79.53% respectively, totaling 51.8 million and 5.15 million shares.

The company stated there is no risk of forced liquidation for the currently pledged shares of the controlling shareholder and its consistent acting parties. Linzhou Heavy Machinery will continue to monitor the pledge status and associated risks, fulfilling its information disclosure obligations in a timely manner.