KCT(SZ:002625) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-10-19 06:21Core Viewpoint - The major shareholder of Guangqi Technology Co., Ltd., Tibet Yingbang Industrial Development Co., Ltd., has utilized block trading to resolve related debts and reduce the pledge ratio of its shares [1][3]. Summary by Sections Shareholder Equity Changes - From October 15 to October 17, 2025, Tibet Yingbang transferred a total of 18,237,635 shares through block trading, accounting for 0.85% of the company's total share capital [1]. - Prior to this equity change, Tibet Yingbang held 556,884,601 shares, representing 25.85% of the total share capital. After the transfer, its holdings decreased to 538,646,966 shares, or 25.00% [1]. Shareholder Reduction Details - Between September 8 and October 17, 2025, Tibet Yingbang transferred a total of 107,729,387 shares, which is 5.00% of the total share capital [2]. - Before this reduction, Tibet Yingbang owned 646,376,353 shares, which was 30.00% of the total share capital. Post-transfer, the holdings were reduced to 538,646,966 shares, or 25.00% [2]. Impact on Company Control and Governance - The equity change will not result in a change of control for the company and will not significantly impact its governance structure or ongoing operations [3]. - The shares transferred were originally acquired through a private placement in 2017, and the transaction complies with relevant laws and regulations, ensuring no violations or breaches of commitments [3]. Financial Implications - The funds obtained from the share transfer will be used to resolve related debts and reduce the pledge ratio, which currently stands at 60.37% [3]. - As the debt resolution progresses, the pledge ratio is expected to decrease further, thereby reducing the risk associated with high share pledges and potentially attracting more institutional investors [3].