Pingtan Development's controlling shareholder pledges additional shares

Fujian Yamata Industrial Development Co., Ltd. (Yamata Industrial), the controlling shareholder of Zhongfu Straits Pingtan Development Co., Ltd., has pledged an additional 18,000,000 shares of the company. This latest pledge, representing 5.44% of Yamata Industrial's total holdings and 0.93% of the company's total share capital, commenced on September 24, 2025, and is for the purpose of guaranteeing financing for others.

Following this transaction, Yamata Industrial's total pledged shares now amount to 140,000,000 shares, an increase from the previous 122,000,000 shares. These pledged shares constitute 42.30% of Yamata Industrial's total holdings and 7.25% of Zhongfu Straits Pingtan Development's total share capital. The company states that the pledge does not involve any risk of forced liquidation or transfer, and it will continue to monitor the situation.