Sunline Tech's controlling shareholder unpledges significant stock volume

Shenzhen Sunline Tech Co., Ltd. (SZSE:300348) announced that its controlling shareholder and de facto controller, Wang Changchun, has unpledged a total of 8,678,200 shares. These transactions occurred on October 9, 2025, and involved shares initially pledged between November 2022 and February 2024, with China Merchants Securities Co., Ltd. as the pledgee.

Following these unpledges, Wang Changchun's total pledged shares now stand at 24,572,300, representing 25.62% of his total holdings and 3.03% of the company's total share capital. This marks a reduction from the previous 33,250,500 pledged shares. Of the currently pledged shares, 19,746,641 (80.36%) are restricted or frozen.

The company stated that Wang Changchun's credit situation is sound, with adequate repayment capacity, and no current risk of liquidation for the pledged shares. Should future risks arise, he is prepared to take proactive measures such as early repayment or providing additional collateral.