Hengtong Optic-electric controlling shareholder adjusts share pledge

On November 27, 2025, Jiangsu Hengtong Optic-electric Co., Ltd. reported that its controlling shareholder, Hengtong Group Co., Ltd., released 12 million unrestricted circulating shares from pledge. These shares, representing 2.02% of Hengtong Group's total holdings and 0.49% of the company's total share capital, were originally pledged to the Suzhou Changjiang Delta Integrated Demonstration Zone Branch of Bank of Communications Co., Ltd. The released shares are intended for subsequent re-pledge.

Following this release, Hengtong Group's cumulative pledged shares amounted to 308.05 million shares, representing 51.88% of its holdings and 12.49% of the company's total share capital. Concurrently, Hengtong Group re-pledged 12 million unrestricted circulating shares to the same bank, increasing its total pledged shares to 320.05 million shares, or 53.90% of its holdings and 12.97% of the company's total share capital. The re-pledge is for bank credit enhancement, with the primary debt maturing on November 24, 2030.

Hengtong Group has 81.6 million pledged shares maturing within the next six months, corresponding to a financing balance of CNY 131,542,000. An additional 4.15 million pledged shares will mature within the next year, with a financing balance of CNY 10,000,000. The company states that the controlling shareholder has sufficient risk control capabilities and repayment ability, ensuring no adverse impact on its operations or control stability.