Jiangsu Guotai resolves share pledges, elects new board chairman

Jiangsu Guotai International Group announced that Zhangjiagang Bonded Zone Shengtai Investment Co., Ltd., a shareholder with over 5% stake, released 11,020,000 pledged shares. This represents 8.35% of its holdings and 0.68% of the company's total share capital. Following this, Shengtai Investment's cumulative pledged shares are 8,270,000, or 6.27% of its holdings. The company confirms no imminent forced liquidation risk or change in control.

In other news, Jiangsu Guotai held its 2025 Second Extraordinary General Meeting on December 24. The meeting approved amendments to its Articles of Association and various internal policies. The company also elected its Tenth Board of Directors, with Zhang Ziyan elected as chairman. The board appointed Chen Xiaodong as president and Zhang Bin as co-president, along with several new vice presidents and assistants. The new board members’ terms are for three years, effective from December 25, 2025.