MeiG Smart controlling shareholder unpledges significant stock holdings

MeiG Smart Technology Co., Ltd. (stock code: 002881) announced that its controlling shareholder and de facto controller, Wang Ping, has processed the release of pledges on a total of 13,560,000 shares. These shares were released across multiple transactions with various financial institutions, including China Merchants Securities and Shenzhen High-Tech Investment & Financing Guarantee Co., Ltd. The unpledging events occurred on September 29, 2025, for all listed transactions.

Prior to these releases, Wang Ping had 25,080,000 pledged shares. Following the unpledging, his total pledged shares have been reduced to 13,560,000, representing 13.24% of his total holdings and 5.16% of the company's total share capital.

The announcement confirms that none of the pledged shares are subject to performance compensation obligations related to major asset restructurings, nor do they include restricted shares subject to high-level executive lock-up rules. This development significantly alters the pledge status of the controlling shareholder's holdings.