Shenzhen Sunlord Electronics shareholder unpledges significant block of shares

Shenzhen Sunlord Electronics Co., Ltd. announced that its shareholder, Xinyu Hengshuntong Electronic Technology Development Co., Ltd. (Hengshuntong), has released a pledge on 6,630,000 shares. This transaction represents 11.95% of Hengshuntong's total shares and 0.82% of the company's total share capital. The pledge was initiated on December 19, 2024, and is set to be fully released by December 8, 2025.

Following this release, Hengshuntong's pledged shares will decrease from 35,044,000 to 28,414,000, representing 51.19% of its holdings and 3.52% of the company's total share capital. The company clarified that Hengshuntong's share pledges are not for meeting operational needs and its credit standing is good, with no current debt repayment or liquidation risks.

The company further stated that the share pledge release is not expected to materially impact Shenzhen Sunlord Electronics' operations or corporate governance.