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Sanwei Holding's controlling shareholder pledges shares

June 13, 2025 at 05:15 PM UTCBy FilingReader AI

Sanwei Holding Group Co., Ltd. (SSE:603033) announced that controlling shareholder Ye Jiyue pledged 16,900,000 company shares. Following this transaction, Ye Jiyue's cumulative pledged shares amount to 199,531,000, representing 53.27% of his holdings and 19.35% of the total share capital. Together, Ye Jiyue and Zhang Guiyu, acting in concert, have pledged a total of 236,286,900 shares, accounting for 53.77% of their combined holdings and 22.91% of the total share capital. The pledge, with China Industrial and Commercial Bank (ICBC) as the pledgee, will last until June 9, 2035, and the funds are earmarked for Ye Jiyue's own production and business operations. As of the announcement, Ye Jiyue's pledged shares due within the next six months total 32,650,000, with a financing balance of CNY 17,000,000. The company stated that the pledge does not pose a risk to its operations or control.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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