Will Semiconductor's controlling shareholder adjusts equity pledges for debt repayment

Will Semiconductor Shanghai announced that its controlling shareholder, Renrong Yu, pledged an additional 16,900,000 shares, bringing his total pledged shares to 188,920,000, representing 56.65% of his holdings. Concurrently, Shaoxing Wehao Equity Investment Partnership, a party acting in concert, released 8,700,000 pledged shares, reducing its total pledged shares to 17,596,000, or 23.74% of its holdings.

Following these transactions, Renrong Yu and his concerted parties collectively hold 408,576,912 shares, with 206,516,000 shares currently pledged, accounting for 50.55% of their total holdings and 17.12% of the company’s total share capital. The new pledges by Renrong Yu are primarily for debt repayment. Shaoxing Wehao currently has no plans for further pledges after this release.

Looking ahead, the controlling shareholder and his concerted parties have 25,380,000 pledged shares maturing within the next six months, corresponding to a financing balance of 1,100,000,000 yuan. An additional 120,300,000 pledged shares will mature within the next year, with a financing balance of 5,100,000,000 yuan. The company stated that these parties possess sufficient funds to repay the financing, sourced from operating income, dividends, investment income, and self-raised funds.