Hengtong Group updates pledged shares in Jiangsu Suzhou Rural Commercial Bank

Hengtong Group Co., Ltd., a shareholder of Jiangsu Suzhou Rural Commercial Bank, has notified the bank of recent changes in its pledged shares. As of the announcement, Hengtong Group holds 137,454,953 shares, representing 6.81% of the bank's total share capital. The cumulative pledged shares now stand at 99,900,000, accounting for 72.68% of Hengtong Group's total holdings.

Specifically, on December 1, 2025, Hengtong Group released 2,420,000 non-restricted tradable shares that were pledged to China Construction Bank Suzhou Yangtze River Delta Integration Demonstration Zone Branch. The release was completed on December 2, 2025. Subsequently, on the same day, Hengtong Group re-pledged 2,200,000 non-restricted tradable shares to the same branch, with the pledge set to expire on November 9, 2035. This re-pledge, representing 1.60% of Hengtong Group's holdings, is for supplementary enterprise operating funds.

The bank stated that Hengtong Group maintains good credit and sufficient funds for repayment, primarily from operating income. The pledge is considered controllable, and the bank does not anticipate significant impacts on its principal business, financing, or corporate governance.