Topchoice Medical's controlling shareholder adjusts share pledges

Hangzhou Baoqun Industrial Group Co., Ltd., the controlling shareholder of Topchoice Medical Corp, has announced both the pledge of 8.41m shares and the release of 8.40m shares on September 11, 2025. The new pledge represents 5.55% of Baoqun Industrial's holdings and 1.88% of the company's total share capital, with proceeds earmarked for external medical project financing.

Following these transactions, Baoqun Industrial's total pledged shares amount to 99.1m, representing 65.37% of its holdings and 22.16% of Topchoice Medical's total share capital. Including the shares of its consistent actor, Mr. Lü Jianming, the total pledged shares account for 64.48% of their combined holdings and 22.16% of the company's total share capital.

The company stated that Baoqun Industrial's credit standing is sound, with adequate repayment capacity, and the pledge risk is manageable. The transactions are not expected to impact the company's main operations, continuous operating capacity, or alter the actual control of Topchoice Medical.