San'an Optoelectronics controlling shareholder pledges additional shares

Xiamen San'an Electronics Co. (San'an Electronics), a controlling shareholder of San'an Optoelectronics, has pledged an additional 13.7m shares, representing 1.13% of its total holdings or 0.27% of the company's total share capital. This transaction, initiated on November 13, 2025, and set to mature on October 23, 2026, involves Ping An Securities as the pledgee, with funds intended for supplementary working capital.

Following this latest pledge, San'an Electronics' cumulative pledged shares now total 674.45m, accounting for 55.56% of its ownership in San'an Optoelectronics. When combined with its parent company, Fujian San'an Group Co. (San'an Group), their total pledged shares amount to 802.65m, representing 54.59% of their combined holdings.

San'an Group and San'an Electronics collectively hold 1,470.45m shares, representing 29.47% of San'an Optoelectronics' total share capital. Within the next six months, 266.95m pledged shares are due, with a corresponding financing balance of CNY 2.256bn. Over the next year, 482.45m pledged shares will mature, with a financing balance of CNY 3.836bn. The company states that the pledge will not alter the company's control or operations.