Zhejiang Jiemei controller pledges shares for financing

Zhejiang Jiemei Electronic & Technology Co., Ltd. announced on November 26, 2025, that its controller, Fang Junyun, pledged 15,000,000 shares for financing purposes. This represents 44.74% of her total shareholding and 3.48% of the company's total share capital. The pledge commenced on November 24, 2025, and is set to expire on November 24, 2026, with CITIC Securities Co., Ltd. as the pledgee.

Following this transaction, Fang Junyun's total pledged shares now stand at 15,000,000, out of her total holding of 33,530,217 shares. This brings her pledged shares to 44.74% of her stake and 3.48% of the company's total share capital. Including other related parties, the total number of pledged shares for the controller and parties acting in concert is 97,700,000, representing 40.39% of their combined holdings and 22.67% of the company's total share capital.

The company stated that Fang Junyun maintains good credit and sufficient repayment capabilities, with the pledge currently posing no risk of forced liquidation or changes in control. Should any risks arise, she will implement measures such as early repayment or additional pledges.