Controlling shareholder’s associate pledges more shares in Shenzhen S. Group

Shenzhen S. Trading Co., Ltd., an associate of Shenzhen S. Group Co., Ltd.'s controlling shareholder, Shenzhen S. Group Co., Ltd., has pledged 4.5m unrestricted circulating shares of Shenzhen S. Group. This transaction, registered on September 26, 2025, involved pledging the shares to Shanghai Pudong Development Bank Co., Ltd., Shenzhen Branch, for financing purposes.

The pledged shares represent 8.29% of Shenzhen S. Trading Co., Ltd.'s total holdings and 0.49% of Shenzhen S. Group's total share capital. The company confirmed that this share pledge is not related to any major asset restructuring or performance compensation obligations.

Following this pledge, the cumulative number of shares pledged by Shenzhen S. Group Co., Ltd. and its associates totals 102.16m shares, representing 49.01% of their collective holdings and 11.16% of Shenzhen S. Group's total share capital. Specifically, Shenzhen S. Group Co., Ltd. has 39.08m shares pledged, accounting for 67.64% of its holdings. Shenzhen S. Trading Co., Ltd. now has 40.25m shares pledged, representing 74.15% of its holdings.