San'an optoelectronics' controlling shareholder pledges more shares

Xiamen San'an Electronics Co., Ltd. (San'an Electronics), a controlling shareholder of San'an Optoelectronics Co., Ltd., has pledged an additional 47,000,000 shares of the company. This pledge, effective from September 24, 2025, to September 24, 2026, was made to Xiamen International Trust Co., Ltd. and is intended to supplement working capital. Prior to this transaction, San'an Electronics held 1,213,823,341 shares, representing 24.33% of the company's total share capital.

Following this latest pledge, San'an Electronics' cumulative pledged shares now total 606,750,000, accounting for 49.99% of its total holdings. This also represents 12.16% of San'an Optoelectronics' total share capital. The company confirmed that these pledged shares are not intended for use in performance compensation related to major asset restructurings or other guarantee purposes.

Including its ultimate controlling shareholder, Fujian San'an Group Co., Ltd. (San'an Group), the combined pledged shares of San'an Group and San'an Electronics amount to 734,950,000 shares. This figure represents 49.98% of their total combined holdings of 1,470,456,883 shares, which constitute 29.47% of San'an Optoelectronics' total share capital.