Laobaixing Pharmacy Chain's controlling shareholder pledges more shares

Laobaixing Pharmaceutical Group, the controlling shareholder of Laobaixing Pharmacy Chain JSC, has pledged an additional 14m shares of the company. The pledge, effective December 23, 2025, with a maturity date of June 11, 2028, was made to China CITIC Bank Changsha Branch to meet its own production and operational needs. These newly pledged shares represent 7.76% of Laobaixing Pharmaceutical Group's total holdings and 1.84% of the company's total share capital.

Following this transaction, Laobaixing Pharmaceutical Group's cumulative pledged shares amount to 114.14m, representing 63.25% of its total holdings and 15.04% of Laobaixing Pharmacy Chain's total share capital. Including the shares held by consistent actor Chen Xiulan, the total pledged shares for the group remain 114.14m, representing 58.83% of their combined holdings and 15.04% of the company's total share capital.

The company states that Laobaixing Pharmaceutical Group possesses the ability to repay the funds, with future repayment sources including company dividends, investment income, and self-raised funds. The pledge is not expected to impact the company's independence, corporate governance, or production and operations.