Fujian Tianma's controlling shareholder pledges more shares for working capital

Fujian Tianma Science & Technology Group announced that its controlling shareholder, actual controller, chairman, and general manager, Chen Qingtai, has pledged an additional 7,240,000 shares of the company. This transaction, executed on December 19, 2025, with a maturity date of December 22, 2027, through Zhongyuan Trust Co., Ltd., represents 7.51% of his total holdings and 1.43% of the company's total share capital. The purpose of the pledge is to supplement working capital.

Following this pledge, Chen Qingtai's cumulative pledged shares now total 53,910,000, representing 55.95% of his total holdings and 10.66% of the company's total share capital. As of the announcement date, Chen Qingtai and his concerted parties collectively hold 163,368,164 shares, amounting to 32.31% of the company's total share capital.

The total cumulative pledged shares by Chen Qingtai and his concerted parties now stand at 72,910,000, representing 44.63% of their combined holdings and 14.42% of the company's total share capital. The company clarified that the pledged shares are not for major asset restructuring, performance compensation, or other guarantee purposes, and the controlling shareholder maintains sufficient repayment capability with manageable pledge risks.