Lianchuang Optoelectronic: Controlling shareholder pledges additional shares

Jiangxi Lianchuang Optoelectronic Science & Technology (SSE:600363) announced that its controlling shareholder, Jiangxi Provincial Electronics Group, pledged an additional 1 million shares of the company effective May 23, 2025, to mature on November 21, 2025. This brings the cumulative pledged shares to 75,332,928, representing 79.52% of the shares held by the Electronics Group and 16.61% of Lianchuang Optoelectronic’s total share capital. The pledge is for production and operation purposes. Of the pledged amount, CNY 14,930.00 is due within six months and CNY 50,500.00 due within a year. The Electronics Group asserts a solid credit profile and the ability to repay funds via dividends, investments, and other revenue streams, mitigating risks associated with the pledge. The company states the pledge will not impact its operations, management, or governance structure.