Oriental Yuhong controlling shareholder unwinds significant stock pledge

Beijing Oriental Yuhong Waterproof Technology Co., Ltd. announced that its controlling shareholder, Li Weiguo, has released a total of 9.58m shares from pledge. These shares represent 1.95% of his total holdings and 0.40% of the company's total share capital. The releases occurred on various dates, with the latest unpledging set for September 19, 2025.

Following these transactions, Li Weiguo and his concerted party, Li Xingguo, now have 243.27m pledged shares, accounting for 48.50% of their total holdings and 10.18% of the company's total share capital. Within the next year, 223.59m pledged shares are set to mature, representing 44.57% of their total holdings and 9.36% of the company's total share capital, with a remaining financing balance of 901.58m yuan.

The company stated that this release of pledged shares is unrelated to its production and operations. Li Weiguo expresses optimism for the company's long-term development, assuring no immediate risk of forced liquidation. The company will monitor pledge changes and disclose any risks promptly.