Yuyuan Tourist Mart’s controlling shareholder pledges more shares

Shanghai Yuyuan Tourist Mart Group Co., Ltd. announced that its controlling shareholder, Shanghai Fosun High Technology (Group) Co., Ltd., along with its affiliates, pledged a portion of their shares. Specifically, Shanghai Forte Investment Management Co., Ltd., an affiliate, pledged 72.6m shares, increasing its cumulative pledged shares to 486,692,885 shares, representing 47.56% of its holdings.

Following this transaction, Fosun High Technology and its concerted parties have a total of 1,583,613,885 pledged shares, which accounts for 65.72% of their combined holdings in Yuyuan Tourist Mart and 40.68% of the company's total share capital. The new pledge, dated September 29, 2025, matures on September 30, 2028, and is for debt repayment, with China CITIC Financial Asset Management Co., Ltd. Shanghai Free Trade Zone Branch as the pledgee.

Fosun High Technology and its concerted parties currently hold 2,409,720,644 shares, representing 61.91% of Yuyuan Tourist Mart's total share capital. The announcement states that the controlling shareholder's credit status is good, with sufficient capital repayment capability, and the pledges do not affect the company's operations or control. Upcoming pledges maturing within six months amount to 53,460m yuan, and within one year, 122,060m yuan.