Oriental Yuhong controlling shareholder releases significant share pledge

Beijing Oriental Yuhong Waterproof Technology Co., Ltd. (SZSE:002271) has disclosed that its controlling shareholder and de facto controller, Li Weiguo, has processed the release of a portion of his pledged shares. A total of 13.15m shares, representing 2.71% of his holdings and 0.55% of the company's total share capital, have been unfrozen. These releases occurred on October 13 and October 14, 2025.

Following this transaction, Li Weiguo and his concerted action party, Li Xingguo, collectively hold 495.38m shares, accounting for 20.74% of the company's total share capital. The cumulative pledged shares now stand at 212.30m, representing 8.89% of the company's total share capital and 42.86% of their combined holdings.

The company stated that Li Weiguo and Li Xingguo are not involved in any non-operating capital occupation or illegal guarantees detrimental to the listed company's interests. The share release is not expected to trigger liquidation risks, and the company will promptly disclose any future pledge changes. This event is not anticipated to materially affect the company's production, operations, corporate governance, or performance compensation obligations.