Toyou Feiji electronics shareholder adjusts equity pledge for personal funding

Beijing Toyou Feiji Electronics Co., Ltd. has disclosed that its major shareholder, Mr. Zhou Zexiang, has pledged an additional 4,000,000 shares, representing 0.83% of the company's total share capital. This recent pledge, for personal funding needs, is classified as restricted shares (high-level management locked-up shares) and has a pledge start date of October 20, 2025. The counterparty for this transaction is Shenzhen High-tech Investment Group Co., Ltd.

Concurrently, Mr. Zhou Zexiang also initiated the early release of 2,857,143 pledged shares, which constituted 0.60% of the company's total share capital. These shares were originally pledged on October 28, 2024, with Shenzhen Hi-Tech Investment Guarantee Co., Ltd. The early release date for these shares is October 21, 2025.

Following these transactions, Mr. Zhou Zexiang's cumulative pledged shares now total 30,890,000, accounting for 37.03% of his total holdings and 6.45% of the company's total share capital. Of these pledged shares, 27,945,000 (90.47%) are restricted or frozen. The company confirms that the new pledge is not for meeting the company's operational needs and that the pledged shares currently pose no liquidation risk.