Zhejiang Yongqiang: Controlling shareholder pledges 56 million shares for its own production and operation.

Zhejiang Yongqiang announced that it recently received a notification from its controlling shareholder, Qiangzhe Industrial, that it pledged 56 million shares on November 19, 2025, accounting for 6.78% of its holdings and 2.58% of the company's total share capital. The pledgee is the Linhai Branch of Industrial and Commercial Bank, and the purpose of the pledge is for its own production and operation, with a due date of November 12, 2035. As of the announcement date, Qiangzhe Industrial has pledged a total of 196 million shares, accounting for 23.74% of its holdings and 9.04% of the company's total share capital. The pledge of shares by the controlling shareholder and the actual controller has no substantial impact on the company and no risk of margin calls.