Hengtong Optic-electric's controlling shareholder adjusts equity pledges

Hengtong Optic-electric announced that its controlling shareholder, Hengtong Group, completed a partial equity pledge release on December 18, 2025. This involved 15 million unrestricted shares, representing 2.53% of Hengtong Group's total holdings and 0.61% of the company's total share capital. Following this release, Hengtong Group's cumulative pledged shares decreased to 305.05 million, or 51.38% of its holdings and 12.37% of the company's total share capital.

Concurrently, Hengtong Group re-pledged 15 million unrestricted shares on December 17, 2025, to the Jiangsu Branch of the Export-Import Bank of China, with registration completed on December 18, 2025. This new pledge also represents 2.53% of Hengtong Group's holdings and 0.61% of the company's total share capital, and is for bank credit enhancement.

As of the announcement date, Hengtong Group has 58.4 million pledged shares maturing within the next six months, representing 9.84% of its holdings and 2.37% of total share capital, with an associated financing balance of RMB 71,542m. An additional 4.15 million pledged shares are due within one year, accounting for 0.70% of holdings and 0.17% of total share capital, with a financing balance of RMB 10,000m. The company's actual controller, Cui Genliang, has no pledged shares maturing within one year. Hengtong Group and Cui Genliang possess sufficient repayment capacity and do not anticipate any adverse impact on the company's operations or control stability.