Lianchuang Optoelectronic's controlling shareholder adjusts share pledge

Jiangxi Lianchuang Optoelectronic Science & Technology Co., Ltd. announced that its controlling shareholder, Jiangxi Provincial Electronic Group Co., Ltd., has released and re-pledged a portion of its shares. The Electronic Group holds 94,736,092 shares, representing 20.89% of the company's total share capital. A total of 500,000 shares were released from pledge on November 4, 2025, constituting 0.53% of the Electronic Group's holdings and 0.11% of the company's total share capital.

Immediately following the release, 500,000 shares were re-pledged to Hangzhou Yuncun Technology Co., Ltd. as collateral for working capital, with the pledge effective from November 4, 2025, to November 4, 2026. After this transaction, the Electronic Group's cumulative pledged shares amount to 75,732,839 shares, representing 79.94% of its total holdings and 16.70% of Jiangxi Lianchuang Optoelectronic's total share capital.

The Electronic Group expects to have 27,002,567 pledged shares maturing in the next six months, accounting for 28.50% of its holdings and 5.95% of the company's total share capital, with a financing balance of CNY 417 million. An additional 18,900,000 pledged shares (excluding those maturing in the next six months) are set to mature within one year, representing 19.95% of its holdings and 4.17% of the total share capital, with a financing balance of CNY 426.35 million. The funds raised from this pledge are primarily for supplementing working capital.