Sanwei Holding shareholder extends stock pledge repurchase agreement

Sanwei Holding Group Co., Ltd. announced that its over 5% shareholder, Mr. Wu Shanguo, has extended a stock pledge repurchase transaction. Mr. Wu, who holds 146,848,204 shares, representing 14.24% of the company's total share capital, has pledged 50,300,000 shares, equating to 34.25% of his holdings and 4.88% of the company’s total share capital. Including his consistent action party, Mr. Ye Jinye, their combined pledged shares total 58,100,000, representing 32.63% of their collective holdings and 5.63% of Sanwei Group’s total share capital.

The extended transaction involves 22,800,000 unrestricted circulating shares pledged to Huaxi Securities Co., Ltd. The repurchase period for these shares has been extended to October 14, 2026, primarily for personal capital needs. This extension does not involve any shares used for major asset restructurings or performance compensation, nor does it serve as collateral for other purposes.

The company confirmed that Mr. Wu Shanguo maintains a sound credit profile with stable income, ensuring his ability to fulfill obligations. As of the announcement date, there are no immediate risks of forced liquidation of the pledged shares, and the extension is not expected to materially impact Sanwei Group's operations, corporate governance, or its performance compensation obligations.