Hoshine Silicon's controlling shareholder pledges more shares

Hoshine Silicon Industry Co., Ltd. announced that Luo Su, a concerted party acting with the controlling shareholder, has pledged an additional 2.6m shares. This transaction brings Luo Su's total pledged shares to 95,520,600, representing 49.62% of her total holdings and 8.08% of the company's total share capital. Prior to this, Luo Su held 192,493,302 shares, accounting for 16.28% of the total share capital.

Following this pledge, the combined holdings of Hoshine Group and its concerted parties—Luo Liguo, Luo Su, and Luo Yetong—total 869,105,229 shares, or 73.52% of the company’s total share capital. The aggregate number of pledged shares for this group now stands at 429,793,200, which is 49.45% of their total holdings and 36.36% of the company's total share capital. The pledge was made to Industrial Bank Co., Ltd., Urumqi Branch, for production and operation purposes.

The company stated that Hoshine Group and its concerted parties maintain good credit and financial standing, with future repayment sources including operating income, investment income, and dividends. The pledge risk is deemed controllable.