Shengxin Lithium Energy controlling shareholder pledges significant share block

Shenzhen Shengxun Group, the controlling shareholder of Shengxin Lithium Energy Group, recently pledged 3.1 million unrestricted shares. This transaction, registered on November 20, 2025, represents 5.37% of Shengxun Group’s stake in Shengxin Lithium Energy and 0.34% of the company's total share capital. The shares were pledged to Guangdong Huaxing Bank, Zhuhai Branch, as collateral for financing.

Following this pledge, Shengxun Group’s cumulative pledged shares now total 42,179,458, accounting for 73.00% of their total holdings and 4.61% of Shengxin Lithium Energy’s total share capital. The controlling shareholder has no outstanding restricted shares. Shenzhen Shengxun Huize Trading, an entity acting in concert with Shengxun Group, also has 40,930,000 shares pledged, representing 75.40% of their holding and 4.47% of the company’s total share capital.

Other significant shareholders, including Fujian Shengxun Trading and Shenzhen Shengxun Industrial Development, have pledged 100% of their respective holdings. The pledged shares are not subject to any major asset restructuring or performance compensation obligations.