Huahai Pharmaceutical shareholder unpledges significant block of shares

Zhejiang Huahai Pharmaceutical Company Limited announced that Mr. Zhou Minghua, a shareholder holding over 5% of the company's shares, has completed the unpledging of 6,480,000 shares. These shares were previously pledged to the Shanghai Pudong Development Bank, Zhangjiang Technology sub-branch. The unpledging occurred on November 21, 2025.

Following this transaction, Mr. Zhou Minghua now holds a total of 224,418,890 shares, representing 14.99% of the company's total share capital. The 6,480,000 unpledged shares constitute 2.89% of his total holdings and 0.43% of the company's total share capital.

After the unpledging, Mr. Zhou Minghua's remaining pledged shares amount to 57,500,000, which represents 25.62% of his total holdings and 3.84% of Zhejiang Huahai Pharmaceutical's total share capital. The company stated it will continue to disclose any future pledge plans by Mr. Zhou Minghua in accordance with relevant regulations.