Chifeng Gold: controlling shareholder's partial pledged shares repurchase deferred to March 3, 2027
The Red Rock Gold announcement states that on March 4, 2026, the company's controlling shareholder, Li Jinyang, will extend the repurchase of 29.9 million shares of unrestricted tradable shares pledged to Guangfa Securities on March 3, 2025, with the repurchase transaction extended to March 3, 2027. As of March 4, Li Jinyang and his concerted parties Hanfeng Venture Capital held 190 million shares and 51.5152 million shares respectively, accounting for 10.02% and 2.71% of the total share capital; with a total pledge of 52.9 million shares and 9.1777 million shares, accounting for 27.78% and 17.82% of their holdings respectively, and 2.78% and 0.48% of the total share capital.
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