MeiG Smart's controlling shareholder reduces pledged shares

MeiG Smart Technology Co., Ltd. (SZSE:002881) announced that its controlling shareholder, Mr. Wang Ping, has completed the release of a substantial portion of his pledged shares. This release involved three separate transactions totaling 5,880,000 shares. The first release on September 23, 2025, consisted of 1,190,000 shares, representing 1.16% of his holdings and 0.45% of the company's total share capital. The second and third releases on the same date accounted for 3,320,000 and 1,370,000 shares, respectively, for a total of 3.24% and 1.34% of his holdings.

Following these transactions, Mr. Wang Ping's total pledged shares have decreased from 26,100,000 to 20,220,000. This new figure represents 19.74% of his total holdings and 7.70% of MeiG Smart Technology's overall share capital. The released shares were originally pledged to Sinolink Securities Co., Ltd. and Sinolink Securities Asset Management Co., Ltd.

The company confirmed that the released pledged shares do not involve any restricted shares, such as those subject to high-level executive lock-ups, nor are they subject to performance compensation obligations related to major asset restructurings.