Jiuzhou Pharma's controlling shareholder unpledges significant stock holdings

Zhejiang Jiuzhou Pharmaceutical Co., Ltd. (Jiuzhou Pharmaceutical) announced that its controlling shareholder, Zhejiang Zhongbei Jiuzhou Group Co., Ltd. (Zhongbei Group), has released pledges on a portion of its shares. Zhongbei Group unpledged 12.5 million shares previously held by China Zheshang Bank Co., Ltd. Taizhou Branch, 6 million shares from Shanghai Pudong Development Bank Co., Ltd. Taizhou Branch, and 10 million shares from Agricultural Bank of China Co., Ltd. Taizhou Jiaojiang Sub-branch. These transactions, totaling 28.5 million unrestricted shares, were completed on December 12, 2025.

Following these unpledges, Zhongbei Group's cumulative pledged shares now stand at 23 million, representing 8.11% of its total holdings in Jiuzhou Pharmaceutical and 2.59% of the company's total share capital. Prior to this, Zhongbei Group's pledged shares amounted to 51.5 million. Zhongbei Group currently holds 283,518,812 shares, accounting for 31.88% of Jiuzhou Pharmaceutical's total share capital.

Collectively, Zhongbei Group and its concert parties hold 394,481,232 shares, or 44.35% of the company's total share capital. Their combined pledged shares also total 23 million, representing 5.83% of their collective holdings and 2.59% of the company's total share capital. The company confirmed with Zhongbei Group that there are no immediate plans for further pledges.