San'an Optoelectronics' controlling shareholder pledges shares

San'an Optoelectronics Co., Ltd. announced its controlling shareholder, Xiamen San'an Electronics Co., Ltd. ("San'an Electronics"), pledged 100,000,000 shares on November 5, 2025, with an expiry date of November 30, 2025. This pledge accounts for 8.24% of San'an Electronics's total holdings and 2.00% of the company's total share capital, primarily for replenishing working capital. Following this transaction, San'an Electronics's cumulative pledged shares now total 660,750,000, representing 54.44% of its held shares.

Including its holding company Fujian San'an Group Co., Ltd. ("San'an Group"), the combined pledged shares amount to 788,950,000, which is 53.65% of their total holdings in San'an Optoelectronics. The pledged shares are not intended for asset restructuring performance compensation or other guarantee purposes.

Looking ahead, San'an Group and San'an Electronics have 266,950,000 pledged shares maturing within the next six months, corresponding to a financing balance of CNY 2.266 bn. Within one year, 468,750,000 pledged shares will mature, with an associated financing balance of CNY 3.746 bn. The company stated that the controlling shareholder's credit status remains sound, with repayment capabilities supported by operating income, investment income, and self-raised funds.