Hoshine Silicon's controlling shareholder adjusts share pledge

Hoshine Silicon Industry Co., Ltd. announced that its controlling shareholder, Ningbo Hoshine Group Co., Ltd. ("Hoshine Group"), directly holds 486,647,073 shares, representing 41.16% of the company's total share capital. Following recent pledge and release activities, Hoshine Group's cumulative pledged shares amount to 243,029,100 shares, which is 49.94% of its total holdings and 20.56% of the company's total share capital. The recent transaction involved the pledge of 2,900,000 shares, representing 0.60% of Hoshine Group's holdings and 0.25% of the company's total share capital, with China Everbright Bank Company Limited Ningbo Branch for supplementary working capital.

As of the announcement date, Hoshine Group and its concerted parties (Luo Ligou, Luo Hao, and Luo Yehao) collectively hold 869,105,229 shares, accounting for 73.52% of the company's total share capital. After the latest adjustments, their combined pledged shares total 433,873,200 shares, representing 49.92% of their total holdings and 36.70% of the company's total share capital.

Hoshine Group confirmed its strong financial health and ability to repay, with future repayment sources including operating income, investment income, and dividends from the company's shares. The pledge risks are deemed controllable, and the company's control is not expected to be affected. Hoshine Group and its concerted parties are prepared to take measures such as increasing collateral or early repayment if pledge risks arise.