Stanley Agriculture controlling shareholder significantly reduces share pledge

Stanley Agriculture Group announced that its controlling shareholder, Mr. Gao Jinhua, has released a pledge on 57,625,000 shares. This represents 14.81% of his total holdings and 5.00% of the company's total share capital. The pledge, originally set to expire on November 28, 2025, with Guotai Haitong Securities Co., Ltd., was prematurely released on November 29, 2024.

Following this release, Mr. Gao Jinhua's pledged shares now total 50,000,000 shares, accounting for 12.85% of his holdings. The announcement clarifies that the pledged shares do not involve performance compensation obligations and the transaction will not alter the company's actual control or lead to any delisting risks.

The company's controlling shareholders and their concerted parties collectively hold 604,472,451 shares, representing 52.48% of the total share capital. Of these, 135,290,000 shares, or 22.38%, remain pledged. Investors are advised to pay attention to investment risks.