San'an Optoelectronics' controlling shareholder unpledges significant block of shares

San'an Optoelectronics announced today that its controlling shareholder, Xiamen San'an Electronics Co., Ltd. (San'an Electronics), has unpledged 100,000,000 shares. This represents 8.24% of its total holdings and 2.00% of the company's total share capital. The unpledging, completed on December 15, 2025, involved shares previously pledged to Jinan Municipal Financial Investment Holding Group Co., Ltd.

Following this transaction, San'an Electronics' cumulative pledged shares now stand at 596,450,000, accounting for 49.14% of its total holdings. Concurrently, San'an Electronics and its ultimate controlling shareholder, Fujian San'an Group Co., Ltd. (San'an Group), collectively hold 1,470,456,883 shares, representing 29.47% of San'an Optoelectronics' total share capital.

The combined pledged shares for both San'an Electronics and San'an Group now total 724,650,000, representing 49.28% of their aggregate holdings. The company stated that San'an Electronics will determine future equity pledge financing plans based on actual needs, with any changes to be disclosed in accordance with relevant laws and regulations.