Greenland Holdings' largest shareholder adjusts pledged shares

On December 12, 2025, Greenland Holdings Corporation announced that its largest shareholder, Shanghai Greenland Investment Enterprise (Limited Partnership), completed the release and re-pledge of 250,000,000 shares on December 11, 2025. This involved releasing 150,000,000 and 100,000,000 shares from previous pledges to China CITIC Bank Shanghai Branch, followed by a simultaneous re-pledge of the same amounts to the bank.

Following these transactions, Shanghai Greenland Investment Enterprise's cumulative pledged shares now total 3,610,923,286 shares, representing 99.26% of its total holdings and 25.69% of Greenland Holdings' total share capital. The new pledges, valued at 3.44 bn yuan, are intended to support Greenland Holdings' operational needs. Shanghai Greenland Investment Enterprise stated it would enhance liquidity management through internal funds or external financing to repay maturing debts.

Shanghai Greenland Investment Enterprise expects 1.04 bn yuan of pledged shares to mature within the next six months, accounting for 28.59% of its holdings and 7.40% of the company's total share capital, with a corresponding financing balance of 3.022 bn yuan. The company and Shanghai Greenland Investment Enterprise will monitor stock price movements and proactively manage pledge risks.