Sidike's controlling shareholder pledges shares amid executive change

Jiangsu Sidike New Materials Science & Technology announced that its controlling shareholder, Jin Chuang, has pledged 8.5 million shares, representing 5.47% of his holdings and 1.88% of the company's total share capital, to Huaan Securities for debt replacement. Following this pledge, Jin Chuang and his consistent actors have accumulated 44.88% of their share pledge. Amidst these financial maneuvers, the company also announced the resignation of Vice General Manager Pan Qiujun, effective immediately, due to personal reasons. The company expressed gratitude for Pan's service. Despite these changes, Sidike affirms that operations remain stable, with both controlling shareholder's financial capabilities and share pledge risks under control.