Hubei Dinglong controlling shareholder pledges additional shares for personal financing

Hubei Dinglong Holdings Co. announced that its controlling shareholder, Zhu Shuangquan, has pledged an additional 9,880,000 shares of the company. This transaction, executed on October 13, 2025, represents 7.10% of Mr. Zhu Shuangquan's total holdings and 1.04% of the company's total share capital. The pledge is for personal financing and matures on October 13, 2026, with Huatai Securities Co. acting as the pledgee.

Following this latest transaction, Mr. Zhu Shuangquan's total pledged shares now amount to 22,880,000, representing 16.43% of his holdings. Including shares pledged by his consistent actor, Zhu Shunquan, the total pledged shares for the controlling shareholder and related parties stand at 26,680,000, which is 9.62% of their combined holdings and 2.82% of Hubei Dinglong's total share capital.

The company stated that the controlling shareholder's credit status is good, with strong repayment capabilities, indicating manageable pledge risk. This move is not expected to impact the company's production, operations, or governance, nor will it alter the actual control of the company.