Hengtong Optic-electric's controlling shareholder partially releases and adds pledged shares

Hengtong Optic-electric announced that its controlling shareholder, Hengtong Group, has released 28 million shares from pledge and subsequently pledged 2.8 million shares, bringing the total pledged shares to 335.05 million. This represents 57.15% of Hengtong Group's holdings in the company and 13.58% of Hengtong Optic-electric's total share capital. Of the pledged shares, 93.6 million are due to expire within the next six months, representing 3.79% of the company's total share capital, backed by a CNY 146.542 million financing balance. An additional 4.15 million pledged shares will be due within one year, representing 0.17% of the company's total share capital, backed by a CNY 10 million financing balance. Hengtong Group and its consistent actors, stated they possess sufficient risk control and repayment capabilities to manage the pledged shares.