Tianma Technology's major shareholder pledges significant equity stake

Fujian Tianma Science & Technology Group Co., Ltd. (Tianma Technology) announced that Fujian Tianma Investment Development Co., Ltd. (Tianma Investment), an entity acting in concert with the company's controlling shareholder, Chen Qingtai, has pledged 25,000,000 shares. Prior to this, Tianma Investment held 61,373,428 shares, representing 12.22% of the company's total share capital. Following the transaction, Tianma Investment's cumulative pledged shares now total 25,000,000, accounting for 40.73% of its holdings and 4.98% of Tianma Technology's total share capital. The pledge period runs from September 18, 2025, to September 18, 2027, with Changcheng Securities Co., Ltd. as the pledgee. Funds are intended for supplementary working capital.

As of the announcement date, Chen Qingtai and his concerted parties collectively hold 163,368,164 shares, representing 32.52% of the company's total share capital. Post-pledge, their cumulative pledged shares amount to 81,298,272, which is 49.76% of their combined holdings and 16.18% of Tianma Technology's total share capital. The pledged shares are not related to any major asset restructuring performance compensation or other guarantee purposes.

The company's controlling shareholder and their concerted parties reportedly possess the necessary financial capacity to repay the financing, with sources including operating income, self-owned funds, stock dividends, investment income, and personal remuneration. The company assures there is no unauthorized use of funds, irregular guarantees, or related-party transactions that infringe upon the company's interests. The pledge risk is deemed manageable, with no adverse impact on the company's operations, financing, or stability of control.