San'an Optoelectronics controlling shareholder adjusts share pledges

On December 23, 2025, San'an Optoelectronics announced that its indirect controlling shareholder, San'an Optoelectronics Group Co. Ltd., pledged 38,694,914 shares. These shares represent 15.08% of San'an Optoelectronics Group's holdings and 0.78% of the company's total share capital, for the purpose of supplementing working capital. Following this, San'an Optoelectronics Group's total pledged shares reached 166,894,914, accounting for 65.03% of its total holdings.

Concurrently, San'an Optoelectronics' controlling shareholder, Xiamen San'an Electronics Co. Ltd., released 8,000,000 shares previously pledged to Zheshang Bank Co. Ltd. Fuzhou Branch. This release represents 0.66% of Xiamen San'an Electronics' holdings and 0.16% of the company's total share capital. After this transaction, Xiamen San'an Electronics' cumulative pledged shares stand at 588,450,000, representing 48.48% of its total holdings.

Combined, San'an Optoelectronics Group and Xiamen San'an Electronics hold 1,470,456,883 shares, or 29.47% of San'an Optoelectronics' total share capital. Their cumulative pledged shares amount to 755,344,914 shares, which is 51.37% of their combined holdings. The company clarified that these pledge adjustments will not lead to a change in the actual control of the company and will not negatively impact corporate governance or operations.