Dahua Tech's controlling shareholder releases portion of pledged shares

Zhejiang Dahua Technology (SZSE:002236) announced that its controlling shareholder and actual controller, Fu Liquan, has released a portion of previously pledged shares. The release involved 68,290,000 shares, representing 6.67% of Fu Liquan's holdings and 2.07% of Dahua Tech’s total share capital. Specifically, 20,000,000 shares were released from pledge to China Galaxy Securities on April 30, 2025, initially pledged on June 17, 2024, and 48,290,000 shares were released from pledge to China Galaxy Securities and Guojin Securities Asset Management also on April 30, 2025, initially pledged on June 18, 2024. Following the release, Fu Liquan holds 1,023,868,980 shares, with 55,700,000 shares remaining pledged, accounting for 5.44% of his holdings and 1.69% of the company’s total share capital. The shareholder stated that there is no risk of mandatory liquidation of pledged shares.