Hytera's chairman pledges shares amid board and executive reshuffle

Hytera Communications announced its controlling shareholder, Mr. Chen Qingzhou, pledged 30 million shares, representing 0.42% of his total holdings and 0.16% of the company's total share capital, to Jiangsu Bank for supplementary working capital. Following this transaction, Mr. Chen's cumulative pledged shares amount to 2,114,380,610, representing 29.66% of his holdings and 11.63% of the company's total share capital. The pledge period is from December 12, 2025, to December 4, 2028.

This announcement follows closely on the heels of the company's sixth board of directors' reshuffle, finalized on December 12, 2025. The new board comprises nine directors, including five non-independent directors, one employee representative director, and three independent directors. Mr. Chen Qingzhou will serve as the chairman of the board. The company also announced new appointments for senior management, an internal audit officer, and securities affairs representatives, including Mr. Jiang Yelin as general manager and Mr. Kang Jiliang as CFO.

The company stated that the pledge and the board changes would not materially affect its operations or corporate governance, and it will continue to monitor any changes in pledged shares and related risks.