Haixin Foods shareholder releases 10m pledged shares

Haixin Foods announced that shareholder Teng Yongwei completed the release of 10 million pledged shares held by Guotai Junan Securities on April 3, 2025. The released shares represent 29.39% of Teng Yongwei's holdings and 1.80% of the company's total share capital. Following the release, the total number of shares pledged by the company's controlling shareholder and its concerted parties is 3,149.91 shares, accounting for 15.03% of their collective holdings and 5.67% of Haixin Foods' total share capital. Haixin Foods clarified that the pledged shares do not involve performance compensation obligations related to major asset restructuring, and the pledged shares of the controlling shareholder and its concerted parties are not subject to freezing or auction.