Sunflower halts trading for asset restructuring as chairman unwinds pledge

Zhejiang Sunflower Great Health Liability Company announced a trading suspension effective September 8, 2025, for up to 10 trading days. This comes as it plans a major asset restructuring involving the acquisition of assets through share issuance and/or cash payments. The company confirmed that discussions are underway and it will continue to update the market.

Concurrently, chairman Wu Jianlong has partially unpledged 30m shares, representing 8.09% of his holdings and 2.33% of the company's total share capital. These shares were released on September 11, 2025, from a pledge initiated on May 11, 2023, with Shaoxing Bank. Following this, Wu Jianlong's cumulative pledged shares stand at 251m, or 67.72% of his holdings, which account for 19.50% of the total share capital.

The company assures that no shares are frozen or at risk of forced transfer, and the unpledging does not impact operations or corporate governance. Investors are advised to exercise caution due to the uncertainty surrounding the asset restructuring.