Neway Valve controlling shareholder pledges shares for company financing

Suzhou Neway Valve Co., Ltd. (Neway Valve) disclosed that its controlling shareholder, Wang Baoqing, has pledged 4,650,000 shares, representing 0.60% of the company's total share capital. These shares, constituting 3.83% of Wang Baoqing's total holdings, were pledged to Industrial and Commercial Bank of China Suzhou Daoqian Sub-branch as collateral for company financing. The pledge was registered with a start date of December 19, 2025, and an end date of January 1, 2027.

Following this transaction, Wang Baoqing's cumulative pledged shares remain at 4,650,000, accounting for 3.83% of his total holdings. The company confirmed that the pledged shares are not intended for performance compensation related to major asset restructurings or other uses.

As of the announcement date, Neway Valve's controlling shareholders and their consistent actors, including Wang Baoqing, Lu Bin, Cheng Zhangwen, and Xi Chao, collectively hold 486,259,648 shares, representing 62.70% of the total share capital. The company asserts that the controlling shareholders possess sound credit, sufficient repayment capabilities, and the pledge does not pose a risk of forced liquidation or impact the company's operations or governance.