Intretech controlling shareholder extends share pledges

Xiamen Intretech Co., Ltd. disclosed that its controlling shareholder, Shenzhen Intretech Electronics Industry Co., Ltd., extended pledges on 3.9m shares. Specifically, 2.1m shares, representing 0.54% of its holdings and 0.27% of the total share capital, had their pledge period extended from November 22, 2025, to November 22, 2026. Another 1.8m shares, representing 0.46% of its holdings and 0.23% of the total share capital, were extended from January 2, 2026, to December 31, 2026. The pledges are held by Shanghai Pudong Development Bank Co., Ltd. Shenzhen Branch for "extension."

As of the announcement, Intretech Industry and its concerted parties have 220,689,598 shares pledged, accounting for 51.46% of their total holdings and 28.39% of the company's total share capital. The corresponding financing balance is yuan 1.885bn. Within the next six months, 132.752m pledged shares will mature, with a financing balance of yuan 843m. Within the next year (excluding the next six months), 44.2819m pledged shares will mature, with a financing balance of yuan 625.5m.

The company stated the pledged shares currently do not pose a liquidation risk and this action will not alter its actual control. Intretech Industry’s financing is not related to the company's operational needs, and their repayment capabilities are deemed sufficient, primarily relying on self-owned and self-raised funds. The pledge does not affect the company’s production, operations, or governance.