Hytera controlling shareholder pledges more shares for liquidity

Hytera Communications Co., Ltd. disclosed today that its controlling shareholder, Mr. Chen Qingzhou, pledged 7.2 million shares to Guangzhou Bank Co., Ltd. Shenzhen Yuehai Branch. This represents 1.01% of his total holdings and 0.40% of the company's total share capital. The pledge, initiated on September 8, 2025, is set to mature on September 5, 2026, and is intended to supplement working capital.

Following this latest transaction, Mr. Chen Qingzhou's cumulative pledged shares now total 247.638061 million, accounting for 34.74% of his holdings and 13.62% of Hytera's total share capital. All of Mr. Chen's pledged shares are currently restricted or frozen. The total pledged shares for Mr. Chen and his concert party, Ms. Weng Limin, amount to 257.668061 million shares, representing 35.27% of their combined holdings.

The company stated that the controlling shareholder and his concert party possess the necessary repayment capabilities, deeming the pledge risk controllable. Hytera emphasizes that this pledge does not materially impact its production, operations, or corporate governance. The company will continue to monitor changes in the pledge status and associated risks, providing timely disclosures.