Shanghai Sinyang shareholders unpledge significant shares

Shanghai Sinyang Semiconductor Materials Co., Ltd. has announced that its de facto controller, Wang Fuxiang, and significant shareholder, Shanghai Sinyang New Technology Investment Co., Ltd., have unpledged a portion of their shares. Wang Fuxiang released 12 million shares, representing 26.65% of his holdings and 3.83% of the company's total share capital. Shanghai Sinyang New Technology unpledged 2.07 million shares, accounting for 9.96% of its holdings and 0.66% of the total share capital.

The unpledging events occurred between February and September 2025. Cumulatively, 14.07 million shares were released, amounting to 4.49% of the company's total share capital. As of the disclosure date, the company stated that the pledged shares of Wang Fuxiang, Shanghai Sinyang New Technology, and their concerted parties do not pose a risk of forced liquidation, and the pledge risk is within a controllable range.

Following these unpledging actions, the total pledged shares held by Wang Fuxiang, Shanghai Sinyang New Technology, and their concerted parties amount to 8.41 million shares. This represents 8.07% of their collective holdings and 2.68% of the company's total share capital.