HEC Technology Holding's top shareholder pledges more shares

Shenzhen HEC Industrial Development Co., Ltd. (Shenzhen HEC Industrial), the controlling shareholder of Guangdong HEC Technology Holding, recently pledged an additional 10,000,000 shares of the company's unlimited circulating stock. This transaction, initiated on September 2, 2025, represents 1.62% of Shenzhen HEC Industrial's total holdings and 0.33% of the company's total share capital. The pledge is for production and operation financing, with Industrial Bank Co., Ltd. acting as the pledgee.

Following this latest pledge, Shenzhen HEC Industrial’s cumulative pledged shares now total 541,527,254, accounting for 87.68% of its total holdings. When considering Shenzhen HEC Industrial and its concerted parties, the combined pledged shares amount to 1,254,117,797, representing 78.97% of their collective holdings.

The company stated that the pledge does not indicate any triggering of margin calls or forced liquidation risks and will not impact the company's actual control, corporate governance, or daily operations. Shenzhen HEC Industrial maintains good credit, with repayment sources including operating income and investment returns, ensuring sufficient capital to meet obligations.