Yongtai Technology's controlling shareholder unpledges significant equity

Zhejiang Yongtai Technology Co., Ltd. (SZSE:002326) recently disclosed that its controlling shareholder, Ms. Wang Yingmei, has released a portion of her pledged shares in the company. A total of 8.64 million shares were unpledged, including 4.31 million shares on March 28, 2025, 2.29 million shares on April 1, 2025, and 2.04 million shares on April 3, 2025. This represents 2.99%, 1.59%, and 1.41% of her total holdings, respectively, or 0.47%, 0.25%, and 0.22% of the company's total share capital. The unpledged shares were held by Shanghai Haitong Securities Asset Management Co., Ltd.

Following these unpledges, Ms. Wang Yingmei's pledged shareholding decreased from 64.012 million shares to 55.372 million shares. This new total represents 38.39% of her holdings and 5.99% of the company's total share capital. The announcement confirms that the controlling shareholder and her concerted parties maintain a good credit profile and robust repayment capability, with no current risk of triggering forced liquidation or changes in the company's actual control.

The company stated it will continue to monitor pledge conditions and risks, adhering strictly to regulations and fulfilling information disclosure obligations promptly.