Fibocom's controlling shareholder pledges significant block of shares

Shenzhen Fibocom Wireless Inc. recently disclosed that its controlling shareholder and actual controller, Mr. Zhang Tianyu, pledged 24,900,000 A-shares. This transaction represents 8.85% of his total holdings and 2.77% of the company's total share capital. The shares are restricted as high-level executive lock-up shares, and the pledge is for personal capital needs, with Guoxin Securities acting as the pledgee. The pledge commences on December 8, 2025, and matures on December 8, 2026.

Following this latest transaction, Mr. Zhang Tianyu has a total of 56,569,300 shares pledged, accounting for 20.09% of his holdings and 6.28% of Fibocom's total share capital. All pledged shares are high-level executive lock-up shares. The company confirmed that this pledge and any future repurchases will not alter the company's actual control.

Fibocom stated there is currently no risk of liquidation for the pledged shares, and the transaction is not expected to impact the company's operations, production, or governance. Any future liquidation risks will be promptly disclosed.