Will Semiconductor's controlling shareholder adjusts equity pledges, repays loans

Will Semiconductor Shanghai Co., Ltd. announced that its controlling shareholder, Renrong Yu, has pledged 10.33m shares, representing 3.10% of his total holdings, to CITIC Securities Co., Ltd. Shanghai Branch. This pledge, effective from September 17, 2025, to September 17, 2026, is for the purpose of repaying existing loans.

Concurrently, Yu released a pledge of 11.9m shares, while Shaoxing Weihao Equity Investment Partnership (Limited Partnership), a party acting in concert, released 13.1m pledged shares.

Following these transactions, Yu's cumulative pledged shares amount to 176.42m, representing 52.90% of his total holdings. Shaoxing Weihao's cumulative pledged shares are 26.296m, or 35.47% of its holdings. Combined, Yu and parties acting in concert now have 202.716m shares pledged, which constitutes 49.62% of their total stake in the company and 16.81% of the company's total share capital.

The company stated that the controlling shareholder and related parties possess the ability to repay outstanding financing. Future pledges are not anticipated for the newly released shares, and the transactions do not alter the company's control or business operations.