Shanghai Dazhong controlling shareholder pledges additional shares

Shanghai Dazhong Public Utilities (Group) Co., Ltd. announced that its controlling shareholder, Shanghai Dazhong Enterprise Management Co., Ltd., has pledged an additional 17,000,000 A-share units. This transaction, executed with CITIC Securities Co., Ltd., is for the purpose of the shareholder's own production and operations. The pledge commenced on December 17, 2025, and is set to mature on December 16, 2026. These pledged shares represent 3.16% of the shareholder's total holdings and 0.58% of the company's total share capital.

Following this latest transaction, Shanghai Dazhong Enterprise Management Co., Ltd. has a cumulative total of 197,000,000 A-share units pledged. This brings the total pledged shares to 36.60% of the controlling shareholder's holdings in Shanghai Dazhong Public Utilities, and 6.67% of the company's total share capital.

Shanghai Dazhong Enterprise Management Co., Ltd. holds a total of 538,321,859 shares in Shanghai Dazhong Public Utilities, comprising 495,143,859 A-shares and 43,178,000 H-shares, representing an 18.23% stake in the company. The company emphasizes that there are no unpledged restricted or frozen shares.