Oriental Yuhong controlling shareholder unpledges significant block of shares

Beijing Oriental Yuhong Waterproof Technology Co., Ltd. announced on October 10, 2025, that its controlling shareholder and actual controller, Li Weiguo, has unpledged 14,590,000 shares. This represents 3.00% of his total shareholding and 0.61% of the company's total share capital. The pledge began on November 14, 2024, and was released on September 30, 2025, with Ningbo Ruijie Investment Partnership (Limited Partnership) as the pledgee.

Following this transaction, Li Weiguo and his parties acting in concert, Li Xingguo, collectively hold 497,683,505 shares, accounting for 20.83% of the company's total share capital. Their cumulative pledged shares now stand at 225,452,198 shares, which represents 9.44% of the company's total share capital and 45.30% of their combined holdings.

The company stated that Li Weiguo believes in the company's long-term development, and this unpledging event does not pose a risk of forced liquidation. Furthermore, the share pledge has not had any material impact on the company's production, operations, corporate governance, or its performance compensation obligations. The company will continue to monitor the pledge status and associated risks.