Kouzijiao(SH:603589) Xin Lang Cai Jing·2026-01-09 21:49Core Viewpoint - The announcement details the stock pledge extension by Liu Ansheng, a significant shareholder of Anhui Kouzi Liquor Co., Ltd, indicating a controlled risk environment regarding the company's shareholding structure and financial stability [2][5]. Group 1: Shareholding and Pledge Details - Liu Ansheng holds 53,473,529 shares, representing 8.94% of the total shares of the company. After the pledge extension of 1,455,500 shares, the total pledged shares amount to 21,753,900, which is 40.68% of his holdings [2]. - Liu Ansheng and his concerted parties collectively hold 242,063,712 shares, accounting for 40.47% of the total shares. Following the pledge extension, the total pledged shares are 31,361,600, which is 12.96% of their total holdings [2]. Group 2: Pledge Extension Specifics - On January 9, 2026, Liu Ansheng notified the company about the stock pledge extension of 1,455,500 shares, which were initially pledged on January 10, 2024, for a repurchase transaction set for January 9, 2025. The extension pushes the repurchase date to January 8, 2027 [3]. - As of the announcement date, all related procedures for the pledge extension have been completed [3]. Group 3: Risk Management and Control - The pledge extension is primarily due to personal reasons, with Liu Ansheng maintaining a good credit status and repayment capability, supported by personal funds and investment returns. The risk associated with the pledge is considered controllable, with no substantial repayment risk identified [5]. - The cumulative pledged shares of the actual controllers and concerted parties do not pose a risk of forced liquidation and will not affect their voting rights or control over the company [5].