Sunlord Electronics’ controlling shareholder pledges more shares

Shenzhen Sunlord Electronics Co., Ltd. has reported that its controlling shareholder, Xinyu Hengshuntong Electronic Technology Development Co., Ltd. (Hengshuntong), has pledged 4,300,000 shares of the company. This represents 7.75% of Hengshuntong's total holdings and 0.53% of the company's total share capital. The pledge, effective November 17, 2025, is for operational turnover and is held by Shenzhen Shendandan Credit Guarantee Co., Ltd. The pledged shares are not subject to any major asset restructuring or performance compensation obligations.

Following this transaction, Hengshuntong's cumulative pledged shares amount to 37,444,000, which is 67.46% of its holdings and 4.64% of the company's total share capital. Other related parties, including Shi Hongyang and Li Youyun, also have pledged shares, with Shi Hongyang pledging 39.35% of his holdings. Hengshuntong's shares are not pledged to meet the company's operational needs.

The pledge agreement does not specify a clear maturity date. However, Hengshuntong is reported to have good credit and repayment capabilities, with sources of repayment including self-owned funds, stock dividends, and investment income, indicating no current debt or liquidation risk. The pledge is not expected to have a material impact on the company's operations or governance.