Sunlord Electronics major shareholder pledges more shares for working capital

Shenzhen Sunlord Electronics Co., Ltd. announced on December 24, 2025, that its major shareholder, Xinyu Hengshuntong Electronic Technology Development Co., Ltd. (Hengshuntong), has pledged an additional 4,220,000 shares of the company. This represents 7.60% of Hengshuntong's total holdings and 0.52% of the company's total share capital. The shares, pledged for working capital, are held by Shenzhen Hi-Tech Investment Group Co., Ltd.

Following this transaction, Hengshuntong's cumulative pledged shares now total 32,634,000, representing 58.80% of its holdings and 4.05% of Shenzhen Sunlord Electronics' total share capital. The announcement clarifies that Hengshuntong's current pledge activities are not related to meeting the company's operational needs and do not involve non-operating fund occupation or illegal guarantees that infringe upon the company's interests.

Hengshuntong maintains a good credit standing and possesses the necessary repayment capabilities, with repayment sources including its own funds, stock dividends, and investment income. The company currently faces no debt repayment risk or risk of forced liquidation. The pledge is not expected to have a material impact on the company's production, operations, or corporate governance.