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Yuyuan tourist mart's major shareholder pledges more shares, boosting total to 40%

October 14, 2025 at 08:20 AM UTCBy FilingReader AI

Shanghai Yuyuan Tourist Mart Group Co., Ltd. announced that its controlling shareholder, Shanghai Fosun High-Technology (Group) Co., Ltd. ("Fosun High-Tech"), through its subsidiary Shanghai Forte Investment Management Co., Ltd. ("Forte Investment"), has pledged an additional 7,690,000 shares. This transaction, executed on October 13, 2025, and maturing on April 13, 2027, by Hangzhou Industrial and Commercial Trust Co., Ltd., raises Forte Investment's total pledged shares to 494,382,885, representing 48.31% of its holdings and 12.70% of the company's total share capital. The purpose of this pledge is to repay debt.

Following this latest pledge, Fosun High-Tech and its concert parties now have a cumulative 1,591,303,885 shares pledged, accounting for 66.04% of their total holdings in the company and 40.88% of the company's total share capital. The total number of pledged shares by Fosun High-Tech and its concert parties due within the next six months is 443,262,885, with a financing balance of RMB 603.33m. Pledged shares due within the next year total 666,813,885, with a financing balance of RMB 1189.33m.

The company noted that Fosun High-Tech and its concert parties maintain good credit, possess repayment capability, and the pledges do not negatively impact the company's operations, governance, or control.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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