Hoshine Silicon's controlling shareholder adjusts pledged share positions

Hoshine Silicon Industry announced its controlling shareholder, Ningbo Hoshine Group Co., Ltd., and its concerted parties (Luo Liguo, Luo Cu, and Luo Yetong) have adjusted their pledged shares. Hoshine Group directly holds 486,647,073 shares, representing 41.16% of the company's total share capital. Following these transactions, Hoshine Group's cumulative pledged shares amount to 242,259,100 shares, which is 49.78% of its holdings and 20.49% of the company's total share capital.

The latest adjustments include two new pledges to Caitong Securities Co., Ltd.: 6,280,000 shares (1.29% of Hoshine Group's holdings, 0.53% of total capital) pledged until November 10, 2025, and 19,450,000 shares (4.00% of Hoshine Group's holdings, 1.65% of total capital) pledged until November 5, 2025. Both pledges are for supplementary working capital.

Additionally, several share pledges were released, totaling 26,500,000 shares from various parties. As of the announcement date, Hoshine Group and its concerted parties collectively hold 869,105,229 shares, or 73.52% of the company's total capital. Their cumulative pledged shares now stand at 433,103,200 shares, representing 49.83% of their combined holdings and 36.64% of the company's total share capital. The company assures that Hoshine Group and its concerted parties maintain good credit and financial standing, with pledge risks deemed controllable.