Huahai Pharmaceutical major shareholder pledges more shares

Zhejiang Huahai Pharmaceutical Company Limited announced that its major shareholder, Zhou Minghua, has pledged an additional 15,000,000 shares. This transaction increases the total number of pledged shares held by Zhou Minghua to 93,980,000, representing 41.88% of his total holdings and 6.28% of the company's total share capital. The shares were pledged to the Xiamen International Bank Co., Ltd. Shanghai Branch to secure financing for Shanghai International Medical Center Co., Ltd.

Prior to this latest pledge, Zhou Minghua had 78,980,000 shares already under pledge. The new pledge was registered on August 22, 2025, according to the China Securities Depository and Clearing Corporation Limited Shanghai Branch.

The company stated that Zhou Minghua has a sound credit standing and good debt repayment ability. He is prepared to take proactive measures, including providing additional collateral, should any risks of forced liquidation or transfer arise.