FilingReader Intelligence

Sanwei Holding's controlling shareholder pledges more shares

December 24, 2025 at 08:39 AM UTCBy FilingReader AI

Sanwei Holding Group Co., Ltd. announced that its controlling shareholder and one of its actual controllers, Mr. Ye Jiyue, has pledged an additional 4,000,000 shares. This transaction brings his total pledged shares to 176,881,000, representing 47.22% of his total holdings and 17.15% of the company's total share capital. The pledge, initiated on December 23, 2025, and maturing on December 22, 2035, was made with China CITIC Bank Co., Ltd. Taizhou Sanmen Branch for personal production and operations.

Following this pledge, Mr. Ye Jiyue and his concerted action party, Ms. Zhang Guiyu, collectively have 213,636,900 shares pledged. This accounts for 48.61% of their combined holdings and 20.72% of the company's total share capital. The company asserts the current pledge poses manageable risks and will not impact its operations, financing, or sustained business capabilities.

The funds raised are primarily for Mr. Ye Jiyue's personal production and operations, with repayment expected from stock dividends and investment income. The company will disclose any significant changes, urging investors to be aware of potential risks.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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