Focus Technology's controlling shareholder releases pledged shares amid board reshuffle

Focus Technology announced that its controlling shareholder, Shen Jinhua, has released 2.5m pledged shares, representing 1.70% of his holdings and 0.79% of the company's total share capital. The pledge release, which occurred between November 14 and November 17, 2025, through China Galaxy Securities Co., Ltd., reduced Shen Jinhua's total pledged shares to 3m, or 2.04% of his current holdings.

Concurrently, the company is undergoing leadership changes. Gu Jun, a non-independent director and member of the nomination committee, resigned from his board positions but will continue as chief financial officer. His resignation is effective immediately.

In a related move, Cao Rui, who previously served as an employee representative supervisor, has been elected as an employee representative director to the sixth board of directors. This change follows the approval of an amendment to the company's Articles of Association.