Dongshan Precision controlling shareholders release pledged shares, discloses M&A update

Suzhou Dongshan Precision Manufacturing's controlling shareholders, Yuan Yongfeng and Yuan Ganggang, have released a total of 13,999,999 shares from pledge as of November 14, 2025. This includes 5,992,857 shares for Yuan Yongfeng and 8,007,143 shares for Yuan Ganggang, representing 2.42% and 2.64% of their respective holdings. Following these releases, Yuan Yongfeng's pledged shares now total 56.8838m shares (22.98% of his holdings), and Yuan Ganggang's pledged shares are 104.828m shares (34.62% of his holdings). The company confirmed no new pledges were made and no immediate liquidation risks.

Separately, the company provided an update on its acquisition of Source Photonics Holdings (Cayman) Limited. As of the announcement date, Suzhou Dongshan Precision Manufacturing has paid approximately 2.633bn yuan of the equity transfer consideration. In accordance with accounting standards and the operational status of Source Photonics, the company began consolidating Source Photonics into its financial statements in October 2025. The acquisition consideration for 100% of Source Photonics shares is up to $629m, with an additional $58m for the ESOP. The company also plans to subscribe for convertible bonds of up to 1bn yuan in the target company, bringing the total investment to 5.935bn yuan.