Luxshare Precision's controlling shareholder adjusts equity pledge positions

Luxshare Precision Industrial Co., Ltd. announced on November 4, 2025, that its controlling shareholder, Luxshare Limited, has released pledges on 63 million shares of the company's stock. This release includes 42 million shares (1.54% of Luxshare Limited's holdings, 0.58% of total share capital) previously pledged to Shanghai Pudong Development Bank, Shenzhen Branch, and 21 million shares (0.77% of Luxshare Limited's holdings, 0.29% of total share capital) previously pledged to Chong Hing Bank Limited. Both sets of pledges were released on November 3, 2025.

Concurrently, Luxshare Limited has pledged an additional 20 million shares (0.73% of Luxshare Limited's holdings, 0.27% of total share capital) to Chong Hing Bank Limited for daily operational purposes. This new pledge began on November 4, 2025, and is scheduled to expire on November 4, 2027. The company clarified that Luxshare Limited's credit standing is sound, and it possesses the ability to repay its debts, indicating no immediate risk of forced liquidation of its pledged shares.

As of November 4, 2025, Luxshare Limited and its concerted party, Wang Laisheng, collectively hold 2,751,391,783 shares, representing 37.78% of the company's total share capital. Following these adjustments, their total pledged shares amount to 1,051,300,000, accounting for 38.49% of their total holdings and 14.44% of the company's total share capital. The company asserts that these transactions will not impact its operations or corporate governance and will not alter its actual control.