Etron Technologies: Controlling shareholder partially releases share pledge

Suzhou Etron Technologies (SSE:603380) announced that controlling shareholder Qian Xindong and his concerted party, Kane (Suzhou) Private Equity Fund Management Co., Ltd., released a pledge of 6,500,000 shares. This reduces their total pledged shares to 4,200,000, representing 5.80% of their holdings and 2.62% of the company's total share capital. The release was processed on February 11, 2025. Qian Xindong directly holds 59,560,680 shares, or 37.12% of the company. The announcement states that Qian Xindong has a solid credit profile and the share pledge does not pose a risk of forced liquidation or a change in control.