San'an Optoelectronics' controlling shareholder adjusts share pledges

San'an Optoelectronics announced its indirect controlling shareholder, San'an Group, executed a partial release and subsequent re-pledge of shares. On November 26, 2025, San'an Group released 21,000,000 pledged shares, representing 8.18% of its holdings and 0.42% of San'an Optoelectronics' total share capital. Simultaneously, San'an Group re-pledged these 21,000,000 shares to China Construction Bank Hengyang Branch for production and operation purposes, with a pledge period from November 24, 2025, to November 20, 2026.

Following these transactions, San'an Group's cumulative pledged shares total 128,200,000, accounting for 49.95% of its total holdings in San'an Optoelectronics. When combined with Xiamen San'an Electronics, the total pledged shares held by the two entities amount to 802,650,000, representing 54.59% of their combined holdings and 16.09% of San'an Optoelectronics' total share capital.

San'an Group and San'an Electronics anticipate that within the next six months, 245,950,000 pledged shares will mature, corresponding to a financing balance of CNY 210,000. Within the next year, 482,450,000 pledged shares are set to mature, with a financing balance of CNY 383,600. The company stated the pledging entities maintain good credit and repayment capacity, sourcing funds primarily from operating income and investments. The company also confirmed these pledge activities do not involve non-operating fund occupation, illegal guarantees, related-party transactions, or a change in actual control.