Sunlord Electronics shareholder unpledges significant block of shares

Shenzhen Sunlord Electronics Co., Ltd. announced that its shareholder, Xinyu Hengshuntong Electronic Technology Development Co., Ltd. ("Hengshuntong"), has unpledged 6,200,000 shares. This transaction represents 11.17% of Hengshuntong's total holdings and 0.77% of the company's total share capital. The pledge was originally made on December 11, 2024, and was scheduled for release on October 31, 2025.

Following this release, Hengshuntong's total pledged shares will decrease from 38,763,000 to 32,563,000 shares, representing 58.67% of its current holdings and 4.04% of the company's total share capital. The announcement clarifies that Hengshuntong's share pledges are not for meeting the company's production and operational needs and that the shareholder has a sound credit standing with no current debt or liquidation risk.

Other significant shareholders' pledge statuses include Shi Hongyang with 2,106,300 pledged shares (39.35% of his holdings), and no pledged shares for Li Youyun, Li Yu, and Guo Hai. The company confirmed that this unpledging event will not materially impact its production, operations, or corporate governance.