Hoshine Silicon's major shareholders adjust share pledges

Hoshine Silicon Industry Co., Ltd. announced that its controlling shareholder, Hoshine Group Co., Ltd., and its party acting in concert, Luo Yepeng, have adjusted their share pledge positions. Hoshine Group pledged an additional 21.2m shares for working capital, while Luo Yepeng pledged 3.3m shares for the same purpose. Concurrently, Hoshine Group released pledges on 3m shares and 17.5m shares.

Following these transactions, Hoshine Group's cumulative pledged shares amount to 243,029,100, representing 49.94% of its holdings and 20.56% of the company's total share capital. Luo Yepeng's pledged shares total 88,843,500, or 49.52% of his holdings and 7.52% of total share capital. The combined pledged shares of Hoshine Group and its parties acting in concert now stand at 433,793,200, making up 49.91% of their total holdings and 36.69% of the company's total share capital. The company asserts that the financing situation of its major shareholders remains sound, with risks under control.

Separately, Hoshine Silicon Industry will hold its second extraordinary general meeting of 2025 on October 28, 2025, to discuss the cancellation of the Supervisory Board and amendments to the articles of association. The agenda also includes reviewing and revising several corporate governance documents, such as the rules of procedure for the board of directors and the external guarantee management system, to comply with new regulations and enhance operational efficiency.