Will Semiconductor's controlling shareholder adjusts pledged shares

Renrong Yu, the controlling shareholder of Will Semiconductor Shanghai, has processed the pledge and release of pledge for a portion of his shares. His cumulative pledged shares now total 177.99m, representing 53.37% of his holdings. Mr. Yu, along with his concerted parties, collectively hold 408.58m shares, with 217.39m shares currently pledged, accounting for 53.21% of their total holdings and 18.03% of the company's total share capital. The pledges, totaling 17.10m shares, are primarily for debt repayment.

The controlling shareholder and his concerted parties are set to see 51.84m shares (representing 12.69% of their holdings) mature within the next six months, corresponding to a financing balance of 1,913,370,300 yuan. Within the next year, 92.31m shares (22.59% of their holdings) will mature, with a financing balance of 4,607,927,000 yuan. The company states that the controlling shareholder has sufficient capacity to repay the funds through operating income, dividends, investment income, and self-raised funds.

Separately, the 2022 employee stock ownership plan, which acquired 2.29m shares at an average price of 77.41 yuan per share, is set to expire on March 8, 2026. As of the current announcement, the plan holds 158,500 shares, representing 0.01% of the company's total share capital. The plan will terminate automatically upon its expiry, and the management committee will handle the remaining interests in accordance with relevant regulations.