Changshan Beiming controlling shareholder pledges shares to repay subsidiary debt

Shijiazhuang Changshan Beiming Technology Co., Ltd. announced on December 24, 2025, that its controlling shareholder, Shijiazhuang Changshan Textile Group Co., Ltd. ("Changshan Group"), has pledged 20,000,000 of the company's shares. This transaction, confirmed on December 22, 2025, represents 4.37% of Changshan Group's total holdings and 1.25% of the company's total share capital. The shares were pledged to Guotai Haitong Securities Co., Ltd. from December 22, 2025, to June 22, 2026, to repay outstanding debt of a subsidiary.

Prior to this transaction, Changshan Group held 457,183,585 shares, constituting 28.60% of the company's total shares, with no previously pledged shares. Following this latest pledge, the group has now committed 20,000,000 shares, representing 4.37% of its total holdings, with no restricted or frozen shares.

The announcement did not indicate that the pledge involved restricted shares or that it was a supplementary pledge. The company provided documentation including a share pledge registration certificate and a share freeze detail from China Securities Depository and Clearing Corporation Limited.