Hailiang Group re-pledges significant stake in Zhejiang Hailiang

Zhejiang Hailiang Co., Ltd. announced that its controlling shareholder, Hailiang Group Co., Ltd., has released and re-pledged 75,000,000 shares. This transaction, representing 12.26% of Hailiang Group's total holdings and 3.27% of Zhejiang Hailiang's total share capital, was finalized on December 15, 2025, with Guangfa Bank Co., Ltd. Hangzhou Branch as the pledgee.

Following this re-pledge, Hailiang Group's cumulative pledged shares amount to 136,000,000 shares, representing 22.23% of its total holdings and 5.93% of the company's total share capital. The company clarified that this re-pledge is not related to its production and operations, nor does it involve any performance compensation obligations.

As of the disclosure date, Hailiang Group and its consistent action parties have a total of 136,000,000 pledged shares, accounting for 19.35% of their combined holdings. The company assures investors that the controlling shareholder has no non-operating capital occupation or illegal guarantees, and there is currently no risk of forced liquidation of the pledged shares.