Shanghai Sinyang shareholder pledges significant equity stake for refinancing

Shanghai Sinyang Semiconductor Materials Co., Ltd. announced today that Shanghai Sinyang New Technology Investment Co., Ltd., a shareholder holding over 5% of the company's shares, has pledged 4,410,000 shares. This transaction represents 21.21% of Shanghai Sinyang New Technology's total holding and 1.41% of Shanghai Sinyang’s total share capital. The pledge, effective from September 25, 2025, to September 25, 2026, was made to CITIC Securities Co., Ltd. for the purpose of refinancing existing pledges.

As of the announcement date, Shanghai Sinyang New Technology and its concerted parties have cumulative pledged shares totaling 22,480,000, accounting for 21.56% of their total holdings and 7.17% of the company's total share capital. Shanghai Sinyang New Technology's pledged shares due in the next six months amount to 6,070,000 shares, representing 29.20% of its holdings and 1.94% of the company's total share capital, corresponding to a financing balance of RMB 60,000,000. Shares due within the next year total 10,480,000 shares, representing 50.41% of its holdings and 3.34% of the company's total share capital, with a financing balance of RMB 16,490,000. The company stated that the pledge would not affect its operations or governance.