Chang Chuan Tech's controller extends share pledge

Hangzhou Chang Chuan Technology (SZSE: 300604) announced that Zhao Yi, its actual controller and controlling shareholder, has extended the term of a share pledge. The extension involves 22,420,000 shares, representing 15.84% of Zhao Yi's holdings and 3.58% of the company's total share capital. The pledged shares are not restricted. The pledge, initially set to mature on March 20, 2025, has been extended to September 19, 2025, and the pledgee remains the same as before, China Securities Finance Co., Ltd. As of the announcement, Zhao Yi's cumulative pledged shares amount to 15.84% of his total holdings in Chang Chuan Technology. The company clarified that this share pledge extension will not lead to a change in control of the company or significantly impact its operations and is for Zhao Yi's personal capital needs.