青岛金王应用化学股份有限公司 关于股东股份解除质押及质押的公告

Core Viewpoint - The company Qingdao Kingwang Chemical Co., Ltd. has received a notification from its controlling shareholder, Qingdao Kingwang International Transportation Co., Ltd., regarding the pledge of shares for loan guarantees, which raises concerns about the high percentage of pledged shares relative to the total shares held by the shareholder [2][4][14]. Summary by Sections Shareholder Pledge Situation - The controlling shareholder, Kingwang Transportation, holds a total of 147,898,322 shares, accounting for 21.4067% of the company's total shares. Recently, 25.5 million shares (3.6909% of total shares) were pledged, which represents 17.2416% of the shares held by Kingwang Transportation [4][14]. - After this pledge, the total number of pledged shares by Kingwang Transportation reaches 134,274,499 shares, which is 19.4348% of the company's total shares and 90.7884% of the shares held by Kingwang Transportation [4][14]. Financial Implications - The pledged financing is not intended for the company's operational needs. In the next six months, no shares will mature, while in the next year, 11.9 million shares (1.7224% of total shares) will mature [5][12]. - As of the disclosure date, Kingwang Group has a total debt balance of 796.7 million yuan, with 446.3 million yuan due in the next six months and a total of 788.7 million yuan due in the next year. The group has sufficient repayment capability from its own or raised funds [11][12]. Company Operations and Governance - The pledge of shares will not have a substantial impact on the company's operations or governance [7][14]. - There are no indications of non-operating fund occupation or violations that could harm the company's interests [6][14]. Related Transactions - Kingwang Transportation will continue to provide shipping and air freight services to the company, with service fees of 7.73 million yuan paid in 2024 and 4.88 million yuan expected in the first half of 2025 [12][13]. - The company does not provide financing guarantees to Kingwang Group or Kingwang Transportation, ensuring no harm to the company's interests [13].