Yotrio Group's controlling shareholder pledges more shares

Zhejiang Qiangzhe Industrial Group Co., Ltd., the controlling shareholder of Yotrio Group Co., Ltd., has pledged 56 million shares of the company. This transaction represents 6.78% of Zhejiang Qiangzhe's total shareholding and 2.58% of Yotrio Group's total share capital. The pledge commenced on November 19, 2025, and is set to expire on November 12, 2035. The collateral agent for this pledge is the Lin Hai branch of Industrial and Commercial Bank of China Limited, and the purpose is stated as self-produced operational needs.

Following this latest pledge, Zhejiang Qiangzhe's total pledged shares amount to 196 million, representing 23.74% of its held shares and 9.04% of the company's total share capital.

The company stated that the share pledge by its controlling shareholder has no material impact on Yotrio Group's production and operations, corporate governance, or performance compensation obligations, and there is no risk of liquidation. The company will continue to monitor the pledge situation and fulfill its information disclosure obligations.