Oriental Yuhong controlling shareholder releases significant share pledge

Beijing Oriental Yuhong Waterproof Technology Co., Ltd. announced today that its controlling shareholder and de facto controller, Li Weiguo, has released a pledge on 1,000,000 of his shares. This transaction represents 0.20% of Li Weiguo's total holdings and 0.04% of the company's total share capital. The pledge was held by Guotai Haitong Securities Co., Ltd.

Following this release, Li Weiguo and his concerted party, Li Xingguo, now collectively hold 499,813,505 shares, accounting for 20.92% of the company's total share capital. Their cumulative pledged shares stand at 242,272,198, representing 48.47% of their total holdings and 10.14% of the company's overall share capital. All currently pledged shares are designated as restricted or frozen, and are part of senior management lockout shares.

The company stated that Li Weiguo and Li Xingguo are not involved in any non-operating fund appropriations or illegal guarantees that would harm the company's interests. Li Weiguo remains optimistic about the company's long-term development, and this pledge release is not expected to trigger any liquidation risks. The company will continue to monitor any changes in pledged shares and related risks, advising investors to exercise caution.