Shenzhen Sunlord Electronics' major shareholder pledges more shares

New Yuanshi Hengshuntong Electronics Technology Development Co., Ltd. ("Hengshuntong"), a major shareholder of Shenzhen Sunlord Electronics, recently pledged an additional 581,000 shares. This represents 1.05% of its total holdings and 0.07% of the company's total share capital. The pledge, initiated on November 3, 2025, with an expected maturity date of February 12, 2026, was made to Guangfa Securities Co., Ltd. for actual borrowing for production and operations. These newly pledged shares are not subject to any performance compensation obligations.

Following this transaction, Hengshuntong's cumulative pledged shares now total 33,144,000, accounting for 59.72% of its holdings and 4.11% of Shenzhen Sunlord Electronics' total share capital. The announcement notes that Hengshuntong's share pledges are not for meeting the company's production and operation needs. The pledge agreements contain no specific maturity dates, preventing a precise determination of future short-term maturities.

Hengshuntong is reported to have strong credit and repayment capabilities, with repayment sources including own funds, stock dividends, and investment income. The company currently faces no debt repayment or liquidation risks, nor is it involved in non-operating fund appropriation or illegal guarantees. The latest pledge is not expected to significantly impact the company's operations or governance.