KCT: All shares held by the controlling shareholder of the company have been fully released from pledge

KCT announced that recently the pledged shares held by its controlling shareholder, Tibet Yingbang, have all been released from pledge. The total number of released pledged shares is 64.07 million, accounting for 12.92% of its holdings and 2.97% of the company's total share capital. The release date is October 31, 2025. As of the announcement date, Tibet Yingbang holds 496 million shares, accounting for 23.01%, with a cumulative pledged amount of 0. Its debt restructuring work has been completed, the company's control is stable, and the controlling shareholder currently has no plans to reduce holdings