Sunlord Electronics: key shareholders unpledge significant shares

Shenzhen Sunlord Electronics announced that its major shareholder, Xinyu Hengshuntong Electronic Technology Development Co., Ltd. (Hengshuntong), and company chief executive Mr. Shi Hongyang, have unpledged a combined total of 8,806,300 shares. This represents 1.09% of the company's total share capital.

Hengshuntong unpledged 6,700,000 shares, split into two tranches of 4,200,000 and 2,500,000 shares, with release dates in November 2025. These shares were pledged to Shenzhen High-tech Investment Group Co., Ltd. Mr. Shi Hongyang unpledged 2,106,300 shares across three transactions, with release dates also in November 2025. These shares were pledged to GF Securities Co., Ltd.

Following these unpledges, Hengshuntong's pledged shares decreased from 37,444,000 to 30,744,000 shares, now representing 55.39% of its holdings and 3.81% of the company's total share capital. Mr. Shi Hongyang's pledged shares were fully released, with the pledged percentage of his holdings dropping from 15.06% to 0.00%. The company stated that the unpledging does not affect its production, operations, or corporate governance.