Yusys Technologies' controlling shareholder unpledges significant block of shares

Beijing Yusys Technologies Group Co., Ltd. announced that its controlling shareholder, Zhuhai Yuqin Hongtai Venture Capital Group Co., Ltd. ("Yuqin Hongtai"), has released 4,920,000 shares from pledge. This transaction represents 2.89% of Yuqin Hongtai’s total holdings and 0.70% of the company's total share capital. The unpledging was processed on January 17, 2025.

Following this release, Yuqin Hongtai no longer has any shares pledged, as confirmed by the announcement. Its total shareholding remains at 170,219,041 shares, representing 24.18% of the company's total equity. This move eliminates all pledged shares for the controlling shareholder, significantly altering its financial position regarding the company.

The company stated that this unpledging event will not impact its daily operations or corporate governance. Yusys Technologies also committed to timely disclosure of any future pledging activities by its shareholders, urging investors to remain aware of potential risks.