Sinexcel Electric chairman unpledges significant stock holdings

Shenzhen Sinexcel Electric Co., Ltd. (stock code: 300693) announced on September 8, 2025, that its controlling shareholder, actual controller, chairman, and general manager, Mr. Fang Xing, has completed the unpledging of 4,250,000 shares. This represents 7.72% of his total held shares and 1.36% of the company's total share capital. The shares were pledged to China Merchants Securities Co., Ltd. from August 15, 2024, to September 5, 2025.

Following this transaction, Mr. Fang Xing's total shareholding remains at 55,067,389 shares, representing 17.60% of the company's total share capital. As of the announcement date, Mr. Fang Xing no longer has any shares pledged. This move could be interpreted positively by the market as it reduces the potential for forced sales of pledged shares.