Boss Software's controlling shareholder extends share pledges for personal funding

Fujian Boss Software Corporation (SZSE:300525) announced that its controlling shareholder and actual controller, Chen Hang, has extended the terms for pledges on 21,484,560 shares. These shares represent 16.99% of Chen Hang's total holdings and 2.83% of the company's total share capital. The extended pledges, previously scheduled to mature between October and November 2025, now have new maturity dates ranging from October to November 2026.

The pledges are held by Guangfa Securities Co., Ltd. and serve various purposes, including repayment of loans and supplementary collateral. Specifically, 10,288,100 shares were extended for loan repayment, while 1,500,000 shares were extended for supplementary collateral. Another 9,700,000 shares were extended for loan repayment. All these pledged shares are high-level management locked-up shares.

As of the announcement date, Chen Hang’s cumulative pledged shares amount to 47,614,560, representing 37.66% of his total holdings and 6.28% of the company's total share capital. The company clarified that this extension is driven by Chen Hang's personal funding needs, asserting his capability to fulfill obligations and mitigate any immediate liquidation risks. The company assures stakeholders that these pledged shares are not expected to adversely affect its operations, governance, or performance compensation obligations.