XiaMen HongXin Electron-tech Co LtdControlling shareholder released pledge on 3.01M shares; no forced liquidation risk, no impact on operations or control.

Hongxin Electronics announced that its controlling shareholder, Hongxin Venture Industrial Investment Group, completed the release of a pledge on part of its shares on July 20, 2026. The number of shares released from pledge is 3.01 million, accounting for 3.58% of its holdings and 0.62% of the company's total share capital. The pledgee is Chongqing International Trust. As of the announcement date, Hongxin Venture holds 84.1853 million shares of the company, representing 17.46% of the total share capital. After this release, Hongxin Venture has a cumulative pledged share count of 34.3293 million shares, accounting for 40.78% of its holdings and 7.12% of the company's total share capital. The company stated that the pledged shares of the controlling shareholder currently do not pose a risk of forced liquidation, will not affect the company's production, operations, or corporate governance, and will not lead to a change in control.
XiaMen HongXin Electron-tech Co LtdControlling shareholder released pledge on 3.01M shares; no forced liquidation risk, no impact on operations or control.
As controlling shareholder, completed pledge release; still has 40.78% of its holdings pledged, but no forced liquidation risk.
Acted as pledgee for the released shares; no material impact on its business.