Enlight Media's controlling shareholder adjusts pledged shares

Beijing Enlight Media Co., Ltd. announced that its controlling shareholder, Enlight Holdings Co., Ltd., has completed a new share pledge and released a previous pledge. The new pledge, executed on October 30, 2025, and maturing on October 29, 2026, involves 24,000,000 shares, representing 2.19% of Enlight Holdings' total shares and 0.82% of the company's total share capital. The pledge, facilitated by Guotai Haitong Securities Co., Ltd., is for the purpose of repaying debt.

Concurrently, Enlight Holdings released a pledge of 52,520,000 shares, representing 4.79% of its total shares and 1.79% of the company's total share capital. This previous pledge, also with Guotai Haitong Securities Co., Ltd., commenced on November 2, 2023, and was scheduled to be released on October 31, 2025.

As of the disclosure date, Enlight Holdings and its concerted parties collectively hold 1,097,132,788 shares, representing 37.40% of the company's total share capital. Following these transactions, cumulative pledged shares amount to 163,160,000, which is 14.87% of Enlight Holdings' total shares and 5.56% of the company's total share capital. Enlight Holdings asserts that its repayment sources are robust, and the pledged shares do not pose a risk of forced liquidation or transfer, nor do they negatively impact company operations or governance.