Luxshare Precision's controlling shareholder pledges 63m shares

Luxshare Precision Industry Co., Ltd. (SZSE:002475) announced that its controlling shareholder, Hong Kong Luxshare Co., Ltd, has pledged 63 million shares of the company to Industrial Bank Co., Ltd Shenzhen Branch on February 26, 2025. This represents 2.31% of Hong Kong Luxshare's holdings and 0.87% of Luxshare Precision's total share capital. The pledge period runs from February 25, 2025, to February 27, 2028, and is for routine business operations. Following this pledge, Hong Kong Luxshare has a cumulative total of 1,029,300,000 shares pledged, accounting for 37.68% of its holdings and 14.22% of Luxshare Precision's total share capital. The company states that Hong Kong Luxshare has sound financial standing and the pledge does not pose a risk of price collapse or forced transfer. Luxshare Precision will continue to monitor the situation and disclose any significant developments.