Dongshan Precision controlling shareholder pledges shares for refinancing

Suzhou Dongshan Precision Manufacturing Co., Ltd. announced on October 10, 2025, that its controlling shareholder and de facto controller, Yuan Yongfeng, has pledged 14.8 million shares. This pledge represents 5.98% of his holdings and 0.81% of the company's total share capital. The pledged shares are partly restricted as high-level executive lock-up shares and are not for supplementary pledge. The pledge began on October 9, 2025, and will last until the pledgee, Tibet Trust Co., Ltd., releases the pledge. The purpose of this pledge is to replace prior pledges and does not involve new financing.

As of the disclosure date, Yuan Yongfeng’s cumulative pledged shares amount to 96.596657 million shares, accounting for 39.02% of his holdings and 5.27% of the company's total share capital. Including other shareholders Yuan Yonggang and Yuan Fugen, the total pledged shares of the controlling shareholders sum up to 209.4318 million shares, representing 34.38% of their combined holdings and 11.43% of the company's total share capital.

The company stated that the pledged shares do not face liquidation risks or forced transfer and will not lead to a change in the company's actual control. The pledging risk is deemed controllable. Should any liquidation risk arise, the controlling shareholder will implement measures such as pledging additional shares, collateral, or deposits to mitigate the risk. The company will continue to monitor the pledge status and related risks, providing timely information disclosure, and advises investors to be aware of investment risks.