Yuyuan Tourist Mart's controlling shareholder pledges more shares

Shanghai Yuyuan Tourist Mart Group announced its controlling shareholder, Shanghai Fosun High Technology (Group) Co., Ltd., through its subsidiary Zhejiang Fosun Commercial Development Co., Ltd., has pledged 40,000,000 shares. This transaction, for production and operations financing, occurred on September 26, 2025, and matures on September 25, 2028, with Dalian Bank Co., Ltd. Shanghai Branch as the pledgee. Following this pledge, Zhejiang Fosun Commercial Development's cumulative pledged shares amount to 361,163,041, representing 98.90% of its total holdings in Yuyuan Tourist Mart.

Fosun High Technology and its concerted parties collectively hold 2,409,720,644 shares, or 61.91% of Yuyuan Tourist Mart’s total share capital. After this latest pledge, their total pledged shares stand at 1,511,013,885, accounting for 62.70% of their combined holdings. The group anticipates that 53,460 million yuan in pledged shares will mature within the next six months, and 122,060 million yuan within the next year.

The company stated that the pledge does not involve non-operating fund occupation, illegal guarantees, or related-party transactions that harm listed company interests. It is not expected to negatively impact the company's production, operation, or governance, nor will it lead to a change in control. Fosun High Technology has confirmed good credit standing and sufficient capacity to repay, with future repayment sources including dividends from listed companies and investment income.