San'an Optoelectronics' controlling shareholder pledges additional shares

Xiamen San'an Electronics Co., Ltd. ("San'an Electronics"), a controlling shareholder of San'an Optoelectronics, has announced the pledge of an additional 29,000,000 shares of the company. This transaction occurred on October 16, 2025, with the pledge scheduled to expire on March 28, 2027, and was facilitated by the Xiamen Branch of Bank of Communications Co., Ltd. The shares were pledged for production and operational capital.

Following this latest pledge, San'an Electronics' cumulative pledged shares now total 552,250,000 shares, representing 45.50% of its total holdings in San'an Optoelectronics. San'an Electronics holds 1,213,823,341 shares, which constitutes 24.33% of the company's total share capital.

Combined with its parent company, Fujian San'an Group Co., Ltd., the total pledged shares held by both entities amount to 680,450,000 shares. This represents 46.27% of their combined holdings of 1,470,456,883 shares, which account for 29.47% of San'an Optoelectronics' total share capital. The pledged shares are not for use in major asset restructuring or other guarantee purposes.