Sinocare controlling shareholder extends share pledges for financing needs

Sinocare has announced that its controlling shareholder, Li Shaobo, has extended the pledge period for 7,720,000 shares. This represents 5.41% of his total holdings and 1.38% of the company's total share capital. The extended pledge, which includes 4,000,000 shares under high-level management lock-up, will now mature on October 30, 2026, with China International Capital Corporation Limited as the pledgee. This transaction is for financing needs and does not involve new financing or meeting operational requirements.

As of the disclosure date, Li Shaobo's total pledged shares remain at 70,950,000, constituting 49.72% of his holdings and 12.66% of Sinocare's total share capital. Of these, 66,550,000 pledged shares are restricted or frozen, making up 93.80% of his pledged stake. After this extension, Li Shaobo retains 40,464,236 unpledged shares, representing 56.41% of his unpledged holdings.

Sinocare confirmed that Li Shaobo's credit standing is sound, with sufficient repayment capacity from personal funds, dividends, and asset disposals. The company assures that the pledge activities are proceeding normally, pose no risk of forced liquidation, and will not negatively impact company operations or governance.