ZCZL (00564.HK): Controlling Shareholder Hongyi Investment Pledges Extra 10.01m A Shares; Cumulative Pledge at 43.87% of Its Stake

NewTimeSpace News: On 9 October 2026, ZCZL Industrial Technology Group Company Limited (the "Company") published an overseas regulatory announcement reproducing its announcement on the supplementary pledge of part of the shares held by its controlling shareholder, as published on the website of the Shanghai Stock Exchange. As of the disclosure date, the Company's controlling shareholder Hongyi Investment Management (Henan) Partnership (Limited Partnership) ("Hongyi Investment") held 263,985,719 A shares of the Company, representing 14.79% of the total share capital.

The announcement disclosed that the Company recently received a notice from Hongyi Investment that, on 8 October 2026, Hongyi Investment completed a supplementary pledge under a stock pledge repo transaction with CITIC Securities Company Limited ("CITIC Securities"). The supplementary pledge covers 10,010,000 A shares, with a pledge start date of 8 October 2026 and a pledge maturity date of 20 March 2027, with CITIC Securities as pledgee. The supplementary pledged shares are not used as security for matters such as performance compensation in material asset restructuring or other guarantee purposes, and the supplementary pledge does not involve any new financing arrangement.

The Company stated that, upon completion of the supplementary pledge, Hongyi Investment has cumulatively pledged 115,820,000 A shares of the Company, representing 43.87% of its holdings and 6.49% of the total share capital. Hongyi Investment's party acting in concert is Henan Asset Management Co., Ltd. ("Henan Asset"), which holds 77,854,357 shares (4.36%) free of pledge; together they hold 341,840,076 shares (19.15%) of the Company, with cumulative pledged shares of 115,820,000, representing 33.88% of their holdings and 6.49% of the total share capital. As of the disclosure date, Hongyi Investment's credit standing is sound, the pledged shares carry no risk of forced liquidation or compulsory transfer, and the pledge risk is controllable; should any liquidation risk arise, it will respond by partial repayment, early repurchase or supplementary pledge.

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