ORG Technology's controlling shareholder adjusts share pledges for debt repayment

Shanghai Yuanlong Investment Holding (Group) Co., Ltd. ("Shanghai Yuanlong"), the controlling shareholder of ORG Technology, has pledged 28.13 million shares, representing 3.35% of its total holdings and 1.10% of the company's total share capital. This pledge, initiated on September 1, 2025, is for debt repayment, with China Securities Co., Ltd. as the pledgee.

Concurrently, Shanghai Yuanlong also released pledges on 26 million shares (3.09% of its holdings, 1.02% of total share capital) and an additional 10.5 million shares (1.25% of its holdings, 0.41% of total share capital). These releases were initiated on September 5, 2024, and September 9, 2024, respectively, with a common release date of September 2, 2025.

As of the announcement date, Shanghai Yuanlong and its concerted parties have cumulatively pledged 351.6611 million shares, accounting for 41.84% of their total holdings and 13.74% of ORG Technology's total share capital. The company clarified that these share pledges are unrelated to its production and operations, do not impact corporate governance, and Shanghai Yuanlong exhibits sound credit standing.