Oriental Yuhong controlling shareholder releases significant share pledge

Beijing Oriental Yuhong Waterproof Technology Co., Ltd. announced that its controlling shareholder and de facto controller, Li Weiguo, has completed the release of pledges on 27,400,001 shares. These shares represent 5.45% of Li Weiguo’s total holdings and 1.15% of the company’s total share capital. The pledges were released on September 11 and September 12, 2025, with various financial institutions.

Following this release, Li Weiguo and his concerted party, Li Xingguo, collectively hold 513,347,005 shares, representing 21.49% of the company's total share capital. Their cumulative pledged shares now stand at 280,552,198, accounting for 11.74% of the company's total share capital and 54.65% of their combined holdings. The company clarified that this share pledge release is unrelated to its production and operational needs.

The company further stated that within the next year, 260,872,198 pledged shares are set to mature, representing 50.82% of Li Weiguo’s holdings and 10.92% of the company’s total share capital, with a remaining financing balance of 999,742,889 yuan. Li Weiguo expresses confidence in the company's long-term development, and no immediate risk of forced liquidation has been identified.