Caihong Display Devices' controlling shareholder adjusts share pledges

Xianyang Financial Holdings (Xianyang FH), the controlling shareholder of Caihong Display Devices, has processed both a release and a new pledge of its shares. Effective December 15, 2025, Xianyang FH released 76,000,000 shares, representing 6.83% of its total holdings and 2.12% of the company's total share capital. Following this release, Xianyang FH's remaining pledged shares stood at 735,717,584, accounting for 66.12% of its holdings.

Concurrently, Xianyang FH initiated a new share pledge of 84,200,000 shares to Shaanxi International Trust Co., Ltd., beginning December 12, 2025, and maturing on June 12, 2027. This new pledge represents 7.57% of Xianyang FH's total holdings and 2.35% of the company's total share capital, with proceeds designated for the shareholder's operational needs. After this latest pledge, Xianyang FH's total pledged shares increased to 819,917,584, or 73.68% of its holdings.

Including its consistent acting party, Xianyang FH and its affiliates now have 906,917,584 shares pledged, which constitutes 74.24% of their collective holdings. The company stated that Xianyang FH possesses adequate capital repayment capabilities, mitigating pledge risks, and confirmed no adverse impact on company operations, financing, or control stability. Xianyang FH expects ¥200 million in financing related to pledges maturing within six months and ¥400 million within one year.