Yuhong controlling shareholder releases significant stock pledge

Beijing Oriental Yuhong Waterproof Technology Co., Ltd. announced that its controlling shareholder and actual controller, Li Weiguo, has released a pledge on 43,890,000 shares. This represents 8.57% of his total held shares and 1.84% of the company's total share capital. The shares were pledged with Haitong Securities Co., Ltd. and China Galaxy Securities Co., Ltd., with original pledge dates ranging from June 2023 to May 2024 and a unified release date of September 10, 2025.

Following this release, Li Weiguo and his concerted party, Li Xingguo, now have 307,952,199 shares pledged, representing 58.86% of their total holdings and 12.89% of the company's total share capital. They collectively hold 523,214,042 shares, accounting for 21.90% of the company's total share capital. The company clarified that this release is not related to its production and operation needs.

Upcoming within the next year, 288,272,199 pledged shares are due, comprising 55.10% of their total holdings and 12.07% of the company's share capital, with a remaining financing balance of CNY 1,115,692,889. Within the next six months, 197,677,499 pledged shares are due, representing 37.78% of their holdings and 8.28% of the company's share capital, with a remaining financing balance of CNY 778,022,889. These can be addressed through various methods, including pledge extensions, replacements, or self-funded repayment.