Tederic Machinery's controlling shareholder partially unpledges shares

Hangzhou Tederic Investment Management, the controlling shareholder of Tederic Machinery, has released 6,480,000 shares from pledge, representing 5.54% of its holdings and 2.21% of the company's total share capital. Following the unpledging on February 12, 2025, Tederic's remaining pledged shares amount to 33,000,000, or 28.19% of its total holdings in Tederic Machinery. Including shares pledged by parties acting in concert, the total pledged stake is now 33,000,000 shares. This represents 21.68% of their collective holdings, accounting for 11.25% of Tederic Machinery’s total share capital. Tederic Machinery affirmed that it would continue to monitor share pledge activity by its controlling shareholder. The current share capital of the company is 293,355,651.