San'an Optoelectronics' controlling shareholder unpledges significant shares

San'an Optoelectronics Co., Ltd. announced that its controlling shareholder, Xiamen San'an Electronics Co., Ltd. ("San'an Electronics"), has unpledged 32,000,000 shares. These shares were originally pledged to the Xiamen Branch of Bank of Communications Co., Ltd. This transaction reduces San'an Electronics' pledged stake by 2.64% of its total holdings and 0.64% of San'an Optoelectronics' total share capital. Following this release, San'an Electronics' cumulative pledged shares now stand at 505,750,000, representing 41.67% of its total holdings.

San'an Electronics, together with its controlling shareholder, Fujian San'an Group Co., Ltd. ("San'an Group"), collectively holds 1,470,456,883 shares, accounting for 29.47% of San'an Optoelectronics' total share capital. Post-transaction, the combined pledged shares for both entities amount to 633,950,000, representing 43.11% of their collective holdings. The unpledging was formally completed on October 28, 2025.

San'an Electronics stated that future equity pledge financing plans would be determined based on actual needs, with any changes to be disclosed in accordance with relevant laws and regulations.