Sokon's controlling shareholder issues exchangeable bonds, director to reduce stake

Chongqing Sokon Industry Group Stock announced on December 6, 2025, that its controlling shareholder, Chongqing Sokon Holdings Co., Ltd., completed the non-public issuance of exchangeable corporate bonds totaling RMB 3 bn. The issuance, with a coupon rate of 0.1%, includes two tranches of RMB 1.5 bn each, with exchange periods commencing six and nine months after issuance. The bonds are secured by a pledge of a portion of Chongqing Sokon Industry Group Stock's shares held by Sokon Holdings.

In a separate announcement on December 6, 2025, Mr. Zhou Changling, a non-executive director of Chongqing Sokon Industry Group Stock, disclosed a plan to reduce his holdings. Mr. Zhou intends to sell up to 1,000 shares, representing 0.000057% of the company's total share capital, through centralized bidding between December 29, 2025, and February 28, 2026. This sale is driven by personal financial needs.

Mr. Zhou had previously pledged not to reduce his shares within 12 months from April 15, 2024, a commitment that will have expired by the planned reduction period.