Sanwei Holding Group's major shareholder pledges additional stock

Zhejiang Sanwei Rubber Item announced that Ye Jiting, a concerted party to major shareholder Wu Shanguo, has pledged 7.8 million shares of the company. This transaction represents 25.00% of Ye Jiting's current holdings and 0.76% of Sanwei Holding Group's total share capital. The shares were pledged to the Agricultural Bank of China Sanmen County Branch, from September 29, 2025, to September 22, 2028, to fulfill personal financing needs.

Collectively, Wu Shanguo and Ye Jiting hold 178,048,204 shares, representing 17.27% of the company's total share capital. After this latest pledge, their combined cumulative pledged shares amount to 58.1 million shares, accounting for 32.63% of their total holdings and 5.63% of the company's total share capital.

The company stated that the pledged shares were not used for major asset restructurings, performance compensation, or other guarantee purposes. Ye Jiting’s credit status is reported as good with stable income, and there is no current risk of a forced liquidation or significant adverse impact on the company's operations or governance.