Sungrow Power's controlling shareholder extends share pledge

Sungrow Power Supply Co. Ltd. announced that its controlling shareholder and actual controller, Cao Renxian, has extended the pledge on 58.8 million shares. This represents 0.93% of his total holdings and 0.28% of the company's total share capital. The pledge, originally set to expire on September 26, 2025, has been extended to September 24, 2026. The shares are pledged to China Merchants Securities for personal capital needs and are not subject to any major asset restructuring or performance compensation obligations.

As of the announcement date, Cao Renxian and his concerted parties have a total of 262.9 million pledged shares, accounting for 4.16% of their total holdings and 1.27% of the company's total share capital. Of these pledged shares, 218.31 million are restricted or frozen, representing 83.04% of the total pledged shares. The remaining unpledged shares amount to 451.7274 million, with 74.65% being restricted or frozen.

The company confirmed that there is no immediate risk of forced liquidation for the pledged shares, and the extension will not alter the company's actual control. Sungrow Power Supply will continue to monitor the pledge status and fulfill its information disclosure obligations.