Fenda Technology's controlling shareholder unpledges significant block of shares

Shenzhen Fenda Technology Co., Ltd. announced that its controlling shareholder, Mr. Xiao Fen, has unpledged 11,000,000 shares of the company's stock, effective November 12, 2025. This release represents 5.08% of Mr. Xiao Fen's total shareholding and 0.61% of the company's total share capital. The pledge was originally initiated on April 17, 2025.

Following this transaction, Mr. Xiao Fen's cumulative pledged shares now stand at 166,483,180, representing 76.90% of his total holdings and 9.28% of the company's total share capital. Including shares held by parties acting in concert with Mr. Xiao Fen, the total pledged shares amount to 240,513,180, which is 74.26% of their combined holdings and 13.40% of the company's total share capital.

The company confirmed that the controlling shareholder and parties acting in concert possess the ability to fulfill their obligations, and there is no risk of forced liquidation. Furthermore, this unpledging action is not expected to alter the company's actual control or materially impact its production, operations, or corporate governance.