China Jushi’s major shareholder re-pledges shares, company issues debt

Zhenshi Holding Group Co. Ltd., China Jushi’s controlling shareholder, re-pledged 126,680,000 shares, representing 18.74% of its holdings and 3.16% of the company's total share capital. The re-pledge, with China Minsheng Bank, Hangzhou Branch, is for the group's own production and operational needs. Following this transaction, Zhenshi Group’s total pledged shares amount to 444,768,000, or 65.81% of its total holdings and 11.11% of China Jushi’s total share capital.

Concurrently, China Jushi issued its eighth tranche of 2025 technology innovation bonds, raising CNY 300 million. The bonds, with a 268-day term and an interest rate of 1.70%, mature on August 14, 2026. This issuance, approved at the 2024 annual shareholders' meeting, aims to meet operational capital requirements.