Hoshine Silicon's controlling shareholder increases share pledge to nearly 50%

Hoshine Silicon Industry's controlling shareholder, Ningbo Hoshine Group Co., Ltd., has pledged an additional 1,000,000 shares. This transaction, dated November 28, 2025, with an anticipated end date linked to the completion of the pledge release registration, involves the Export-Import Bank of China Xinjiang Uygur Autonomous Region Branch as the pledgee, and is for production and operations purposes.

Following this latest pledge, Hoshine Group's cumulative pledged shares now total 242,409,100, representing 49.81% of its direct holdings and 20.50% of Hoshine Silicon Industry's total share capital. The aggregate pledged shares of Hoshine Group and its concerted parties (Luo Liguo, Luo Cu, Luo Yetong) amount to 433,253,200 shares, comprising 49.85% of their combined holdings and 36.65% of the company's total share capital.

The company states that Hoshine Group and its concerted parties maintain good credit and financial standing, with repayment sources including operating income and investment income. The pledge risk is deemed controllable, and measures such as additional collateral or early repayment would be implemented if warning risks arise.