San'an optoelectronics' controlling shareholder pledges more shares

Xiamen San'an Electronics Co., Ltd., a controlling shareholder of San'an Optoelectronics, has pledged an additional 22,000,000 shares of the company. This transaction, effective December 9, 2025, and maturing on December 7, 2026, with Quanzhou Chengjian Commercial Factoring Co., Ltd., serves to supplement working capital. Following this pledge, Xiamen San'an Electronics' cumulative pledged shares amount to 696,450,000, representing 57.38% of its total holdings and 13.96% of San'an Optoelectronics' total share capital.

The combined pledged shares of Xiamen San'an Electronics and its controlling shareholder, Fujian San'an Group Co., Ltd., now total 824,650,000, accounting for 56.08% of their combined holdings and 16.53% of the company's total share capital. The company asserts this pledge will not alter the actual control of San'an Optoelectronics, nor will it impact corporate governance, operations, financing, or the company’s ongoing operational capabilities.

Within the next six months, 245,950,000 pledged shares of both entities are set to mature, with a corresponding financing balance of 132,000,000 yuan. Over the next year, 504,450,000 pledged shares are due to mature, with a financing balance of 325,600,000 yuan.