Sokon controlling shareholder unpledges shares, completes bond issuance

Chongqing Sokon Holding Co., Ltd. (Sokon Holding), the controlling shareholder of Sokon Industry Group Co., Ltd., has announced the release of pledges on some of its shares. Following this action, Sokon Holding and its concerted parties now have 4,600,000 shares pledged, representing 0.99% of their total holdings and 0.26% of the company's total share capital.

This development follows Sokon Holding's non-public issuance of exchangeable corporate bonds, completed on December 5, 2025. As part of this process, 35,000,000 shares held by Sokon Holding were transferred to guarantee and trust accounts with Red Tower Securities Co., Ltd.

After the guarantee and trust registration, Sokon Holding directly holds 365,503,464 A-shares, accounting for 20.98% of the company's total share capital, and 35,000,000 A-shares through the guarantee and trust accounts, representing 2.01%. In total, Sokon Holding holds 400,503,464 A-shares, which is 22.99% of the company's issued share capital. This change does not alter the controlling shareholder or actual controller.