Oriental Yuhong controlling shareholder unpledges significant shares

Beijing Oriental Yuhong Waterproof Technology Co., Ltd. announced today that its controlling shareholder and de facto controller, Li Weiguo, has unpledged 26,430,001 shares. This transaction represents 5.14% of Li Weiguo's total shareholding and 1.11% of the company's total share capital. The unpledged shares were held with various financial institutions.

Following this unpledging, Li Weiguo and his concerted party, Li Xingguo, now have 351,842,199 shares still pledged, representing 66.95% of their combined holdings and 14.73% of the company's total share capital. The company clarified that this unpledging is unrelated to operational needs.

Looking ahead, Li Weiguo and Li Xingguo have 332,162,199 pledged shares maturing within one year, amounting to 63.21% of their total holdings and 13.91% of the company's total share capital, with a remaining financing balance of CNY1,115,692,889. The company assured that there are no current risks of forced liquidation and that future maturities can be managed through various means, including extensions or alternative financing.