Shemar Electric's controlling shareholder unpledges significant block of shares

Jiangsu Shemar Electric Co. (Shemar Electric) reported that its controlling shareholder, Shanghai Shemar Electric Holdings Co. (Shemar Holdings), unpledged 16.31 million shares, representing 3.78% of the company's total share capital. This transaction, effective November 17, 2025, reduces Shemar Holdings' pledged holdings to 30.50 million shares, now accounting for 11.30% of its total ownership and 7.07% of Shemar Electric's total share capital.

Prior to this, Shemar Holdings held 270 million shares, or 62.55% of Shemar Electric's total share capital. Following the unpledging, the combined pledged shares of Shemar Holdings and its concerted party, Ms. Chen Xiaojin, now stand at 56.20 million shares, representing 16.66% of their total holdings and 13.02% of the company's total share capital.

Shemar Holdings and Ms. Chen Xiaojin collectively own 337.3853 million shares, comprising 78.16% of Shemar Electric's total share capital. The company affirmed it will continue to disclose any future pledge activities by Shemar Holdings as required by regulations.