Huace Film & TV: Controlling shareholder unpledges 24.23m shares

Hangzhou Dace Investment Co., Ltd., a controlling shareholder of Zhejiang Huace Film & TV, has announced the unpledging of 24.23 million shares. This transaction represents 7.49% of Dace Investment's total holdings and 1.28% of the company's total share capital. The unpledging activity commenced and concluded on December 3, 2025, with Nanjing Bank Co., Ltd. Hangzhou Branch serving as the pledgee for this financing-related transaction. These released shares were not restricted or supplementary pledged shares.

Following this recent unpledging, Dace Investment's total pledged shares amount to 76 million, which constitutes 23.49% of their total holdings and 4.02% of the company's total share capital. The cumulative pledged shares for all disclosed shareholders, including Dace Investment, now stand at 107.5 million, representing 17.89% of the total shares held by these shareholders and 5.69% of the company's total share capital.

The announcement confirms that the pledged shares do not bear any obligations related to major asset restructurings or performance compensation. This move alters the overall pledged share landscape for Zhejiang Huace Film & TV.