Haixin Foods shareholder pledges portion of holdings

Haixin Foods disclosed that shareholder Teng Yongyan pledged 420,000 shares, representing 9.88% of his holdings and 0.76% of the company's total share capital. The pledge, which commenced on March 28, 2025, and matures when the pledge release procedures are completed, is in favor of China Haxia Bank. The purpose of the pledge is for personal financial needs. Following this transaction, Teng Yongyan's total pledged shares amount to 2,067,000 shares, or 25.79% of his holdings and 3.72% of Haixin Foods' total share capital. The announcement confirms that this pledge does not affect Haixin Foods' operations, governance, or control structure. Haixin Foods confirms that the shareholder's pledge is not linked to the company's operations or financial needs.