Sailun Group founder extends share pledge to 2026

Yuan Zhongxue, Sailun Group's actual controller, has extended the repurchase of 76.7 million pledged shares to August 14, 2026, for debt repayment purposes.

Additionally, an entity controlled by Yuan pledged 17.7 million shares until August 13, 2027, for credit investment.

Yuan controls 847.8 million shares representing 25.78% of total share capital. Total pledged shares stand at 293 million, accounting for 34.56% of his controlled shares and 8.91% of company share capital.