Hoperun Software's controlling shareholder pledges additional shares

Jiangsu Hoperun Software announced that its controlling shareholder, Jiangsu Hoperun Technology Investment Group Co., Ltd. (Hoperun Investment), has pledged an additional 7.9m shares. This transaction brings the total pledged shares for Hoperun Investment and the actual controller, Mr. Zhou Hongwei, to 54.41m shares, representing 90.21% of their combined holdings and 6.83% of the company's total share capital. The new pledge is for financing guarantees, with the pledge period extending until October 29, 2025.

Prior to this transaction, Hoperun Investment and Mr. Zhou Hongwei had 46.51m pledged shares. The current pledge activity increases Hoperun Investment’s pledged percentage of its own holdings from 70.30% to 92.64%. The company reassured that the pledged shares are not for major asset restructuring or performance compensation guarantees.

Despite the high pledge ratio, the company states that Mr. Zhou Hongwei and Hoperun Investment possess the financial capacity for repayment, primarily through business income, stock dividends, and investment returns. There is no immediate risk of forced liquidation. The share pledges do not significantly impact Hoperun Software's operations, financing, or governance.