San'an Optoelectronics' controlling shareholder unpledges significant shares

San'an Optoelectronics Co., Ltd. announced on September 17, 2025, that its controlling shareholder, Xiamen San'an Electronics Co., Ltd. ("San'an Electronics"), has unpledged 30,000,000 shares previously pledged to China Merchants Bank Fuzhou Branch. This transaction represents 2.47% of San'an Electronics' holdings and 0.60% of San'an Optoelectronics' total share capital.

Following this release, San'an Electronics now holds 1,213,823,341 shares, representing 24.33% of the company's total share capital. The number of its still-pledged shares has decreased to 575,750,000, which accounts for 47.43% of its total holdings and 11.54% of San'an Optoelectronics' total share capital.

Combined with its ultimate controlling shareholder, Fujian San'an Group Co., Ltd., the total number of pledged shares for both entities now stands at 703,950,000. This represents 47.87% of their combined holdings, which total 1,470,456,883 shares, or 29.47% of San'an Optoelectronics' total share capital. San'an Electronics stated that future equity pledge financing plans will be based on actual needs, with public disclosure to follow any changes.