Semir Garment shareholder adjusts major stock pledges with new personal funding deal

Zhejiang Semir Garment Co., Ltd. announced that its shareholder, Qiu Jianqiang, has completed a series of share unpledging and pledging transactions. On November 7, 2024, Qiu Jianqiang unpledged 65,000,000 shares, representing 18.08% of his total holdings and 2.41% of the company's total share capital. The original pledge was with China Galaxy Securities Co., Ltd. and is set to be released on November 6, 2025.

Following the unpledging, Qiu Jianqiang then pledged 66,500,000 shares on November 5, 2025. This new pledge constitutes 18.50% of his total holdings and 2.47% of the company's total share capital, also with China Galaxy Securities Co., Ltd. The purpose of this new pledge is for personal funding, and it is scheduled to expire on November 4, 2026.

As of the announcement date, Qiu Jianqiang's cumulative pledged shares amount to 138,280,000 shares, representing 38.47% of his total holdings and 5.13% of the company's total share capital. The company states that the shareholder maintains good credit, and the pledge risk is deemed controllable with no immediate risk of forced liquidation or transfer.