Zhangyuan Tungsten's controlling shareholder Zhangyuan Holdings pledges 5 million shares, cumulative pledge reaches 31.59% of its holdings

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Summary · why it matters

Chongyi Zhangyuan Tungsten Co., Ltd.'s controlling shareholder, Chongyi Zhangyuan Investment Holdings Co., Ltd., on August 4, 2026, pledged 5 million shares of the company to China Construction Bank Chongyi Sub-branch, accounting for 0.73% of its holdings and 0.42% of the company's total share capital, for its own production and operation purposes. As of the announcement date, Zhangyuan Holdings holds 681,534,203 shares of the company, representing 56.73% of the total share capital. After this pledge, the cumulative pledged shares amount to 215,330,000 shares, accounting for 31.59% of its holdings and 17.92% of the company's total share capital. Its concert party, Huang Shichun, holds 599,625 shares with no pledge. Together, they hold 682,133,828 shares, representing 56.78% of the total share capital, with cumulative pledges accounting for 31.57% of their combined holdings.

Impact on assets 1

Others▼ · 1 stocks
Chongyi Zhangyuan Tungsten Co Ltd
002378
▼ NegativeCapitalrelevance

Controlling shareholder pledges additional shares, increasing pledge ratio to 31.59% of holdings, signaling potential liquidity concerns.

Off-coverage companies 1

Chongyi Zhangyuan Investment Holding Co., Ltd.Private▼ Negative
Capitalrelevance

As the controlling shareholder, its pledge of shares may indicate financial strain, affecting its ability to support the company.

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