East Sunshine: Key shareholders pledge additional shares

Guangdong HEC Technology Holding (SSE:600673) announced that key shareholders, Yichang East Sunshine Pharmaceutical and Ruyuan East Sunshine Enterprise Management, have pledged additional company shares. Yichang East Sunshine Pharmaceutical pledged 20 million shares, bringing its total pledged shares to 535 million, representing 98.16% of its holdings and 17.75% of the company’s total share capital. Ruyuan East Sunshine Enterprise Management pledged 5 million shares, raising its total to 70 million shares, accounting for 76.88% of its stake. As of the announcement, the controlling shareholder's cumulative pledged shares reached 574,798,054, or 93.08% of their holdings. The combined pledged shares of the controlling shareholder and its concerted parties total 1,240,888,597, equivalent to 78.14% of their collective stake. The pledges are for production and operational needs. The company states that the share pledge will not impact company governance or operations.