According to Lanshi Heavy Equipment's announcement, Lanshi Group, the controlling shareholder of the company, pledged 40 million unrestricted tradable shares to the Gansu branch of the Export-Import Bank of China. The starting date of the pledge is September 24, 2026, and the expiration date is September 23, 2028. The pledge financing funds will be used for its own production and operation. The pledged shares accounted for 6.64% of the company's shares held by Lanshi Group and 3.06% of the company's total share capital. After this pledge, Lanshi Group pledged a total of 215 million shares of the company, accounting for 35.71% of its shares and 16.46% of the company's total share capital. There is no risk of liquidation and will not lead to a change in the company's actual control.

According to Lanshi Heavy Equipment's announcement, Lanshi Group, the controlling shareholder of the company, pledged 40 million unrestricted tradable shares to the Gansu branch of the Export-Import Bank of China. The starting date of the pledge is September 24, 2026, and the expiration date is September 23, 2028. The pledge financing funds will be used for its own production and operation. The pledged shares accounted for 6.64% of the company's shares held by Lanshi Group and 3.06% of the company's total share capital. After this pledge, Lanshi Group pledged a total of 215 million shares of the company, accounting for 35.71% of its shares and 16.46% of the company's total share capital. There is no risk of liquidation and will not lead to a change in the company's actual control.