Yunda Holding's controlling shareholder adjusts debt with share pledge

Shanghai Luojiesi Investment Management Co., Ltd. (Shanghai Luojiesi), the controlling shareholder of Yunda Holdings, has pledged 75 million shares, representing 4.95% of its total holdings and 2.59% of the company's total share capital. The pledge, effective September 1, 2025, is primarily aimed at adjusting the debt structure and reducing interest rates through a "borrowing new to repay old" strategy, rather than increasing overall financing. The pledge is for the repayment of existing debt and does not involve new financing.

Following this transaction, the cumulative number of pledged shares by Shanghai Luojiesi and its concerted parties will be 296.86 million shares, accounting for 19.61% of their total holdings and 10.24% of Yunda Holdings' total share capital. The company asserts that this pledge does not involve any significant asset restructuring or performance compensation obligations.

Shanghai Luojiesi and its concerted parties currently have no shares frozen, auctioned, or held in trust. The company maintains that Shanghai Luojiesi has a good credit standing and faces no immediate risk of forced liquidation or transfer, nor will it impact Yunda Holdings' operations or governance.