Sokon Group's controlling shareholder adjusts share pledges

Chongqing Sokon Industry Group announced its controlling shareholder, Chongqing Sokon Holdings, and its concerted parties hold 466,594,414 shares, representing 26.79% of the company's total share capital. After recent share releases and pledges, cumulative pledged shares stand at 88,600,000, accounting for 18.99% of their total holdings and 5.09% of the company's total share capital. The pledges primarily support financing needs, including a convertible bond issuance, and involve shares from Chongqing Sokon Holdings.

The company's H-share issuance, totaling 108,619,000 shares, began trading on the Hong Kong Stock Exchange on November 5, 2025. The stabilization period for this offering concluded on November 30, 2025, with no exercise of the over-allotment option. The total share capital remained unchanged at 1,741,985,086 shares, with A-shares representing 93.76% and H-shares 6.24%.

In operational news, Chongqing Sokon Industry Group reported its November 2025 production and sales figures. New energy vehicle production reached 55,081 units, up 42.02% month-on-month, with year-to-date production at 417,765 units. Sales for new energy vehicles were 55,203 units, a 49.84% increase month-on-month, bringing year-to-date sales to 411,288 units.