Haixin Foods controlling shareholder pledges more shares for personal capital

Haixin Foods Co., Ltd. disclosed that its controlling shareholder, Mr. Teng Yongxiong, recently pledged 6,500,000 shares, representing 8.01% of his holdings and 1.19% of the company's total share capital. The pledge, effective October 30, 2025, is for personal capital requirements and is not related to any major asset restructuring or performance compensation obligations.

Following this transaction, Mr. Teng Yongxiong's total pledged shares now amount to 27,170,000 shares, accounting for 33.49% of his total holdings and 4.96% of the company's total share capital.

The company stated that this share pledge will not materially impact its operations, governance, or control stability, and there is no immediate risk of forced liquidation. The company assures that the controlling shareholder has the financial capacity to repay the funds through personal capital, investment returns, and asset realization.