Jiangsu Guotai major shareholder unpledges significant block of shares

Jiangsu Guotai International Group has announced that Zhangjiagang Bonded Zone Shengtai Investment Co., Ltd. (Shengtai Investment), a shareholder holding over 5% of the company's shares, has unpledged 4,330,000 shares. This release, representing 3.28% of Shengtai Investment's total holdings and 0.27% of the company's total share capital, occurred on October 16, 2025. China Securities Co., Ltd. acted as the pledgee.

Following this transaction, Shengtai Investment's total pledged shares now stand at 19,290,000, which accounts for 14.62% of its total equity and 1.19% of the company's overall share capital. The company clarified that there is no immediate risk of forced liquidation or transfer of these pledged shares, and the transaction does not impact the company’s actual control, operations, or governance.

The company stated it would continue to monitor Shengtai Investment's pledging activities and disclose any relevant changes as required. The announcement reiterates Shengtai Investment's commitment to implementing measures such as additional pledges or collateral if necessary, to mitigate potential risks.