MeiG Smart's controlling shareholder unpledges significant portion of shares

MeiG Smart Technology Co., Ltd. announced today that its controlling shareholder and de facto controller, Wang Ping, has completed the unpledging of a substantial portion of his shares. A total of 4,370,000 shares have been released from pledge across three separate transactions. Specifically, 1,990,000 shares (1.94% of his holdings), 1,380,000 shares (1.35% of his holdings), and 1,000,000 shares (0.98% of his holdings) were unpledged on September 16, 2025.

Following these transactions, Wang Ping's total pledged shares have decreased from 30,470,000 to 26,100,000 shares. This represents 25.48% of his total holdings and 9.94% of the company's total share capital. The unpledged shares were originally pledged to CITIC Securities Co., Ltd. and Shanghai Pudong Development Bank Co., Ltd., Shenzhen Branch.

The announcement confirms that the pledged shares do not bear any obligations related to major asset restructurings or performance compensation. This move could be interpreted as a positive signal regarding the shareholder's confidence or a rebalancing of their personal financial arrangements.