Shuanglin Group pledges additional shares for financing

Ningbo Shuanglin Auto Parts Co., Ltd. (Shuanglin) announced that its controlling shareholder, Ningbo Shuanglin Group Co., Ltd., has pledged an additional 3 million shares. This transaction with Industrial and Commercial Bank of China Ninghai Branch is for financing, with the pledge period set from September 12, 2025, to December 31, 2030. The newly pledged shares represent 1.18% of Shuanglin Group's total holdings and 0.52% of the company's total share capital. The company clarified these pledged shares are not tied to any major asset restructuring or performance compensation obligations.

Following this latest pledge, Shuanglin Group's cumulative pledged shares now total 61.3 million, accounting for 24.12% of its total holdings and 10.72% of Shuanglin's total share capital. The group has no pledged shares maturing within the next six months, but 11.2 million pledged shares are set to mature within one year. These represent 4.41% of its holdings and 1.96% of the company's total share capital, with a corresponding financing balance of 0.95 bn yuan. The group stated it has the capacity to repay these obligations using self-raised funds.

The company assured this share pledge will not impact its production and operations or corporate governance. Shuanglin Group also confirmed there are no instances of non-operating fund occupation, illegal guarantees, or other infringements on the interests of listed companies. Shuanglin will continue to monitor the pledge status and fulfill its information disclosure obligations.