Shengxin Lithium Energy's associate pledges shares for financing

Shenzhen Shengxun Huize Trading Co., Ltd. ("Shengxun Huize"), an entity acting in concert with the controlling shareholder of Shengxin Lithium Energy Group Co., Ltd., has pledged 4.25 million unrestricted shares of the company. These shares, representing 7.83% of Shengxun Huize's total holdings and 0.46% of the company's total share capital, were pledged to China Guangfa Bank Co., Ltd., Shenzhen Branch, on December 19, 2025.

As of the announcement date, Shengxun Huize's cumulative pledge amounts to 45.18 million shares, representing 83.23% of its total holdings and 4.94% of the company's total share capital. The controlling shareholder, Shenzhen Shengxun Group Co., Ltd., has also pledged 42.18 million shares, accounting for 73.00% of its holdings and 4.61% of the company's total share capital.

The company confirmed that the pledged shares are not subject to any major asset restructuring or performance compensation obligations. The cumulative pledged shares of the controlling shareholder and its concerted parties now stand at 103,085,983 shares, or 11.26% of the company's total share capital.