Sailun Group controller pledges more shares for loan extension

Sailun Group announced its actual controller, Yuan Zhongxue, through Ruiyuan Ding Investment Co., Ltd., has pledged an additional 75,000,000 shares of the company. This transaction is part of a deferral and repurchase arrangement for existing pledge business with Bank of Communications Co., Ltd. Qingdao Branch, which will shortly release a previous pledge of the same amount of shares. The pledging period for the new arrangement is from October 22, 2025, to March 10, 2028.

Following this latest transaction, Yuan Zhongxue’s total controlled shares, including those held by parties acting in concert, amount to 864,782,044 shares, representing 26.30% of the company's total share capital. The cumulative pledged shares under Yuan Zhongxue’s control now total 367,989,800 shares, which constitutes 42.55% of their controlled shares and 11.19% of the company’s total share capital.

The company stated that Yuan Zhongxue and related parties maintain sound financial and credit standing, possess repayment capabilities, and face no risk of liquidation or forced liquidation. This pledge transaction is not expected to materially impact the company's corporate governance, control stability, equity structure, or daily operations, nor will it lead to a change in the actual controller.