Nanfang Pump Industry associate re-pledges significant stake for personal funding

Nanfang Pump Industry Co., Ltd. announced that an associate of the controlling shareholder, has completed the release and re-pledge of a portion of his company shares. On March 12, 2025, 20,775,000 shares, representing 13.72% of the associate's holdings and 1.08% of the company's total share capital, were released from their previous pledge with Guolian Minsheng Securities Co., Ltd.

Immediately following, on November 4, 2025, the same 20,775,000 shares were re-pledged to Nanjing Zijin Asset Management Co., Ltd. This new pledge will expire on November 4, 2027, and is intended to meet the associate's personal funding requirements. The company confirms that these re-pledged shares are not subject to any major asset restructuring or performance compensation obligations.

As of the announcement date, the associate's total pledged shares amount to 55,050,000 shares, constituting 36.37% of his personal holdings and 2.87% of the company's total share capital. The company states that the associate possesses sound financial standing and adequate risk control capabilities, with no immediate risk of forced liquidation.