FilingReader Intelligence

MeiG Smart controlling shareholder unpledges significant stock

October 16, 2025 at 09:20 AM UTCBy FilingReader AI

MeiG Smart Technology Co., Ltd. announced today that its controlling shareholder and de facto controller, Wang Ping, has completed the unpledging of a portion of his shares. The total number of shares released from pledge amounts to 710,000, representing 0.69% of his total holdings and 0.27% of the company's total share capital. These unpledged shares were originally pledged across three separate transactions, with starting dates in April 2023, May 2023, and December 2023, all maturing on October 15, 2025.

Following these transactions, Wang Ping now holds 102,417,560 shares in MeiG Smart Technology, which constitutes 38.997% of the company's total share capital. The number of pledged shares has decreased from 13,560,000 to 12,850,000, now representing 12.55% of his total holdings and 4.89% of the company's overall share capital.

The unpledging activity was carried out with Guojin Securities Co., Ltd. and Guojin Securities Asset Management Co., Ltd. The company confirmed that the pledged shares do not carry obligations related to major asset restructurings or performance compensation, and no restricted or frozen shares were part of the pledge.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SZSE:002881Shenzhen Stock Exchange

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