Sichuan Shuangma controlling shareholder pledges more shares for debt repayment

Beijing Harmony Hengyuan Technology Co., Ltd. (Harmony Hengyuan), the controlling shareholder of Sichuan Harmony Shuangma Co., Ltd., recently pledged 15,000,000 shares of the company. This pledge represents 3.82% of Harmony Hengyuan's total holdings and 1.96% of Sichuan Shuangma's total share capital. The shares were pledged to Sinolink Securities Asset Management Co., Ltd. for debt repayment, with the pledge period extending from November 26, 2025, to August 26, 2026. Harmony Hengyuan stated it possesses the ability to repay the debt and that the pledge does not pose a risk of liquidation or impact the company's operations or governance.

Concurrently, Harmony Hengyuan released a pledge of 10,000,000 shares, which constituted 2.55% of its holdings and 1.31% of the company's total share capital. This release, also involving Sinolink Securities Co., Ltd., occurred on November 27, 2025, with the original pledge starting on November 4, 2025.

Following these transactions, Harmony Hengyuan's cumulative pledged shares now total 99,366,667, representing 13.02% of Sichuan Shuangma's total share capital. Harmony Hengyuan, along with its consistent action parties, Tianjin Saikehuan Enterprise Management Center (Limited Partnership) and Lafarge China Offshore Holding Company Limited, collectively hold 392,264,314 shares, accounting for 51.38% of the company's total share capital.