Yunnan Energy shareholder pledges more shares for personal funding

Yunnan Energy New Material Co., Ltd. announced that its major shareholder, Yuxi Heyi Investment Co., Ltd., has pledged 6,376,600 shares. This transaction represents 5.34% of Heyi Investment's total holdings and 0.65% of the company's total share capital. The pledge, effective until December 9, 2025, is for personal funding needs and was facilitated by China Oriental Asset Management Co., Ltd.

Following this latest transaction, Heyi Investment's total pledged shares now stand at 74,960,600, accounting for 62.76% of its holdings and 7.63% of the company's total share capital. Other consistent shareholders also have pledged shares; Paul Xiaoming Lee has 65,000,000 shares pledged (50.61% of his holdings), while Li Jerry Yang has pledged all of his 14,735,754 shares (100% of his holdings).

The company emphasized that operations remain normal, and Heyi Investment, along with its aligned parties, maintains confidence in the company's growth. They confirm that the pledge does not pose a risk of forced liquidation or impact the company's control, operations, or governance. Should a liquidation risk arise, they intend to mitigate it through additional pledges or early buybacks.