Lianchuang Electronic controlling shareholder pledges additional shares

Lianchuang Electronic Technology announced that its controlling shareholder, Jiangxi Xinsheng Investment Co., Ltd., pledged an additional 5.68m shares. This transaction, executed on September 2, 2025, represents 6.20% of Jiangxi Xinsheng's total holdings and 0.54% of the company's total share capital. The purpose of this pledge is for share replacement, with Cinda Securities Co., Ltd. acting as the pledgee.

Following this latest transaction, Jiangxi Xinsheng has now pledged a total of 72.08m shares, accounting for 78.70% of its holdings and 6.80% of Lianchuang Electronic Technology's total share capital. The company clarified that the financing from this pledge is for share replacement and not for significant asset restructuring or performance compensation.

Jiangxi Xinsheng states that its financial health is robust, with repayment sources including operational cash flow, investment returns, dividends, and self-raised funds. The company emphasizes that the pledge risk is manageable and will not affect its main business, ongoing operations, or the actual control of the company.