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Haid Group's controlling shareholder extends share pledge for operational needs

October 21, 2025 at 11:00 AM UTCBy FilingReader AI

Guangdong Haid Group Co., Ltd. recently reported that its controlling shareholder, Guangzhou Haixiao Investment Co., Ltd., has extended the pledge on 11,850,000 shares. This extension, driven by Haixiao Investment's production and operational needs, pertains to shares originally pledged to China Merchants Securities Co., Ltd. on October 20, 2023. The initial pledge was set to expire on October 20, 2025.

The extended pledge covers 1.30% of Haixiao Investment's total shareholding and 0.71% of the company's total share capital. As of the announcement date, Haixiao Investment holds 910,589,359 shares, representing 54.73% of the company's total shares. Following this extension, the total cumulative pledged shares by Haixiao Investment amount to 54,960,000 shares, which constitutes 6.04% of its total holdings and 3.30% of Guangdong Haid Group's total share capital. The pledged shares are not subject to any major asset restructuring or performance compensation obligations.

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

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