Jointas Chemical's controlling shareholder extends share pledge

Guangzhou Jointas Chemical announced that its controlling shareholder, AnTai Chemical, has extended the pledge on 20 million shares, representing 5.13% of the company's total share capital. The shares were originally pledged on August 14, 2024, and the extension pushes the maturity date to the date of release of the pledge procedure in February 2025. The pledgee remains Shen Jianjun and the purpose is for AnTai Chemical's own capital needs. As of February 12, 2025, AnTai Chemical and its consistent acting person have cumulatively pledged 106.93 million shares, accounting for 67.53% of its shareholding and 27.42% of Jointas Chemical's total share capital. Jointas Chemical states that this pledge extension will not lead to a change in the company's actual control and that AnTai Chemical has the ability to repay the debt.