Huahai Pharmaceutical major shareholder reduces pledged holdings

Zhejiang Huahai Pharmaceutical Co., Ltd. announced that its 5% or greater shareholder, Mr. Zhou Minghua, has released a pledge on 30,000,000 shares. This transaction, processed by the Shaoxing Branch of Industrial Bank Co., Ltd., was completed on October 16, 2025. Following this release, the percentage of Mr. Zhou's pledged holdings in the company decreased from 13.37% to 2.00% of the total share capital.

Mr. Zhou Minghua currently holds 224,418,890 shares, representing 14.99% of the company's total share capital. After the recent release, his cumulative pledged shares now amount to 63,980,000, which constitutes 28.51% of his total holdings and 4.27% of the company's total share capital.

The company stated that it would promptly disclose any future pledge plans by Mr. Zhou in accordance with relevant regulations. This move significantly lowers the proportion of pledged shares held by a key shareholder, potentially signaling improved financial flexibility.