Xianhe controlling shareholder pledges more shares for operations

Zhejiang Xianhe Holdings Group Co. Ltd. (Xianhe Holdings), the controlling shareholder of Xianhe Co. Ltd., has pledged an additional 35,000,000 shares. This transaction, initiated on November 4, 2025, with a maturity date of November 6, 2026, involves West China Trust Co. Ltd. as the pledgee, and the funds are intended for production and operation.

Prior to this latest pledge, Xianhe Holdings had 42,000,000 shares pledged. Following this transaction, its cumulative pledged shares now total 77,000,000, representing 13.91% of its total holdings in Xianhe Co. Ltd. and 10.88% of the company's total share capital. The controlling shareholder holds 553,589,408 shares, accounting for 78.22% of the company's total share capital.

Xianhe Holdings stated that its credit standing is good and it possesses the ability to repay its obligations, mitigating risks associated with the share pledge. The company also confirmed the pledge is not expected to affect its primary operations, continuous operating capabilities, corporate governance, or lead to a change in actual control.