Greatoo Intelligent controlling shareholder adjusts share pledge status

Greatoo Intelligent Equipment announced that its controlling shareholder, Mr. Wu Chaozhong, has released 10.92m shares, representing 4.21% of his total holdings and 0.50% of the company's total share capital. This pledge was released on September 18, 2025, from Yunnan International Trust Co.

Concurrently, Mr. Wu pledged 19.4m shares, equivalent to 7.48% of his holdings and 0.88% of the company's total share capital, with Hangzhou Baotong Pawnbroker Co. for financing purposes. This new pledge started and is set to be released on September 19, 2025.

Following these transactions, Mr. Wu Chaozhong’s total pledged shares amount to 175.39m, representing 67.66% of his total holdings and 7.97% of the company's total share capital. The company clarified that these share pledges are unrelated to its production and operational needs.

Within the next six months, pledged shares totaling 38.8m, or 14.97% of Mr. Wu's holdings, are due, with a financing balance of 54.9m yuan. Within the next year, 131.4m pledged shares are due, accounting for 50.69% of his holdings, with a financing balance of 278.9m yuan. The company assures that Mr. Wu has strong credit and repayment capabilities, and these transactions are not expected to impact company operations or governance, nor do they pose an immediate risk of forced liquidation.