Skshu Paint controlling shareholder pledges additional shares for personal financing

Skshu Paint (SSE:603737) announced today that its de facto controller and controlling shareholder, Hong Jie, pledged 35 million shares of the company. The shares were pledged to Industrial Bank International Trust Co., Ltd. for personal financing, with the pledge period running from September 26, 2025, to September 25, 2026. This transaction represents 7.08% of Hong Jie's total holdings and 4.74% of the company's total share capital.

Following this latest transaction, Hong Jie's cumulative pledged shares now total 135,562,854, representing 27.42% of his total ownership in Skshu Paint and 18.37% of the company's total share capital. Hong Jie holds 494,453,628 shares, accounting for 67.02% of the company's total share capital.

The company stated that the pledged shares are not being used for guarantees related to major asset restructurings, performance compensation, or other safeguard purposes. Skshu Paint committed to continuously monitor the pledge and release of shares by its shareholders, adhering to relevant regulations, and fulfilling information disclosure obligations to advise investors of potential risks.