Sai Micro Electronics chairman pledges more shares, nears 45% of holdings

Beijing Sai Micro Electronics Inc. announced that its controlling shareholder, actual controller, and chairman, Yang Yunchun, has pledged an additional 9,000,000 shares. This transaction, a pledge-style repurchase with Hongta Securities Co., Ltd., commenced on September 16, 2025, and matures on September 16, 2026. The pledged shares represent 5.03% of Yang's total holdings and 1.23% of the company’s total share capital, and the purpose is to replace existing debt.

Following this, Yang Yunchun's cumulative pledged shares now total 80,410,000, accounting for 44.90% of his total ownership in Sai Micro Electronics and 10.98% of the company's total share capital. Of these, 47,830,000 are high-level restricted shares. The company stated that Yang Yunchun’s shares are not subject to freezing or auction, apart from the pledge, and do not carry obligations for significant asset restructuring or performance compensation.

The company emphasized there is no immediate risk of forced liquidation or transfer of the pledged shares and committed to continuous monitoring of the pledge status and associated risks. Investors are advised to exercise caution regarding potential risks.