Boya Bio shareholder High-Tech Group navigates share pledge, freeze lifted

High-Tech Group, a shareholder holding over 5% of Boya Bio-Pharmaceutical Group, recently pledged 1,855,369 unrestricted shares, representing 0.37% of the company's total share capital, to Suzhou Chenghe Cleaning Equipment Co., Ltd. for financing. This transaction alters the group's total pledged shares to 36,787,136, or 7.30% of Boya Bio's total share capital, representing 64.48% of High-Tech Group's total holdings.

Concurrently, High-Tech Group saw the judicial freeze lifted on 1,855,369 unrestricted shares, also 0.37% of the total share capital. This action reduced the total number of judicially frozen shares held by High-Tech Group and its subsidiaries from 2,617,873 to 762,504, which now constitutes 1.34% of their total holdings or 0.15% of Boya Bio’s total share capital.

The company stated that the share pledge and lifting of judicial freeze do not pose a risk of forced liquidation or transfer, nor do they impact the company’s operations, corporate governance, or the voting rights previously entrusted to CR Pharmaceuticals Holdings Co., Ltd.