Secote Precision Electronic shareholder adjusts equity pledge

Suzhou Secote Precision Electronic Co., Ltd. announced on November 6, 2025, that shareholder Zeng Hui has pledged 5,100,000 shares of the company. These shares represent 9.78% of her direct holdings and 1.85% of the company’s total share capital. The purpose of this pledge is to replace existing financing and does not involve new borrowing.

Upon completion of the replacement, expected by November 2025, 5,220,600 shares will be released from pledge. This adjustment will reduce Zeng Hui’s total pledged shares to 19,545,000, representing 37.47% of her direct holdings and 7.10% of the company’s total share capital. As of the announcement date, Zeng Hui directly holds 52,160,795 shares, accounting for 18.94% of the total share capital. Her cumulative pledged shares currently stand at 24,765,600, or 47.48% of her direct holdings.

The company stated that the pledged shares are not being used for guarantees related to major asset restructurings or performance compensation. There is no current risk of forced liquidation, and the pledge is not expected to alter the company’s actual control, financial health, or operating performance. The announcement also noted potential changes in company control due to a divorce-related equity division between Sun Feng and Zeng Hui.