Oriental Yuhong controlling shareholder unpledges significant shares

Li Weiguo, controlling shareholder and actual controller of Beijing Oriental Yuhong Waterproof Technology, has released 27,700,000 shares from pledge, representing 5.60% of his total held shares and 1.16% of the company's total share capital. These unpledged shares were originally pledged from June 2023 to August 2024, with final release dates scheduled for September 2025.

Following this release, Li Weiguo and his concerted party Li Xingguo collectively hold 505,897,005 shares, accounting for 21.18% of the company's total share capital. Their cumulative pledged shares now stand at 252,852,198, representing 49.98% of their total holdings and 10.59% of the company's total share capital.

The company stated that this unpledging activity is unrelated to its production and operational needs. Li Weiguo expresses confidence in the company's long-term development, and there are currently no circumstances that would trigger a margin call. Future pledges reaching maturity within one year total 233,172,198 shares, with a remaining financing balance of CNY 956,292,889.