Will Semiconductor’s controlling shareholder pledges more shares

Will Semiconductor Shanghai's controlling shareholder, Renrong Yu, has pledged 8,250,000 shares of the company. This represents 2.47% of his total holdings and 0.68% of the company's current total share capital. The pledge, dated November 12, 2025, and maturing on November 18, 2026, was made to Tibet Trust Co., Ltd. to repay existing loans. Following this transaction, Yu's cumulative pledged shares amount to 180,290,000, accounting for 54.06% of his holdings.

Including his consistent actions and others, the total pledged shares of Renrong Yu and his affiliates, Shaoxing Weirui Equity Investment Partnership (Limited Partnership) and Xiaorong Yu, reached 196,146,000 shares. This represents 48.01% of their combined holdings and 16.26% of the company's total share capital. The company clarified that this pledge will not alter the actual controlling interest, nor will it impact the company's main operations, financing, or corporate governance.

The controlling shareholder and his affiliates possess the necessary financial capacity to repay the funds, with repayment sources primarily from operating income, dividend distribution, investment income, and self-raised funds. The company noted that the controlling shareholder has not engaged in non-operational fund occupation, illegal guarantees, or related-party transactions that infringe upon the interests of listed companies.