Jiangtezhongji Controlling Shareholder Releases 13 Million Shares from Pledge; Cumulative Pledge Ratio Drops to 41.10%

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【Finance Network News】Jiangxi Special Motor Co., Ltd. (Stock Code: 002176, Stock Abbreviation: Jiangte Motor) announced on March 17 that the company’s controlling shareholder, Jiangxi Jiangte Electric Group Co., Ltd. (hereinafter referred to as “Jiangte Electric”), has completed part of the share pledge解除手续, with 13 million shares解除质押, accounting for 5.40% of its holdings and 0.76% of the company’s total share capital.

The announcement shows that this share pledge解除业务 was completed on March 13, 2026, with the pledgee being Mr. Tu. After this解除, Jiangte Electric’s share pledge压力 has been further eased.

As of March 13, 2026, Jiangte Electric’s shareholding and pledge情况如下:

Shareholder Name Shareholding (Shares) Shareholding Ratio Pledged Shares (Shares) Pledged Share Ratio Total Share Capital Ratio Number of Pledged Shares with Restrictions and Freezing Pledged Shares Ratio Number of Unpledged Shares with Restrictions and Freezing Unpledged Shares Ratio
Jiangxi Jiangte Electric Group Co., Ltd. 240,875,533 14.12% 99,000,000 41.10% 5.80% 0 0 0 0

Jiangte Motor emphasized in the announcement that the controlling shareholder Jiangte Electric has strong履约能力, and the remaining pledged shares do not pose a margin call risk or forced liquidation, which will not adversely affect the company’s production, operation, or governance. At the same time, Jiangte Electric’s股份 do not involve performance compensation obligations.

The company stated that it will continue to monitor the股权质押动态 of the controlling shareholder and fulfill information disclosure obligations in a timely manner according to relevant laws and regulations. Investors are advised to注意投资风险.

Click here to view the original announcement >>

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Editor: Xiao Lang Kuai Bao

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