San'an Optoelectronics' controlling shareholder releases pledged shares

Xiamen San'an Electronics Co., Ltd. ("San'an Electronics"), a controlling shareholder of San'an Optoelectronics, has completed the release of a pledge on 14.5m shares. This transaction, processed on October 22, 2025, represents 1.19% of San'an Electronics' total holdings and 0.29% of San'an Optoelectronics' total share capital. Following this release, San'an Electronics' cumulative pledged shares now stand at 537.75m, accounting for 44.30% of its total equity in the company.

San'an Electronics holds 1.21bn shares in San'an Optoelectronics, representing 24.33% of the company's total share capital. Combined with its parent company, Fujian San'an Group Co., Ltd. ("San'an Group"), the controlling shareholders collectively own 1.47bn shares, or 29.47% of San'an Optoelectronics.

After this latest release, the total number of pledged shares for San'an Electronics and San'an Group combined is 665.95m shares, which constitutes 45.29% of their collective holdings. San'an Electronics will determine future equity pledge financing plans based on actual needs and will disclose any changes in accordance with relevant laws and regulations.