Sanquan Food: Shareholder Chen Zemin pledged 16.6 million shares for personal financing.

Sanquan Food announced that its shareholder Chen Zemin recently completed the pledge procedures for some of the company's shares held by him. The total pledged shares this time amount to 16.6 million shares, accounting for 20.33% of his total shareholding and 1.89% of the total share capital of the company. The pledgee is China Gold Securities Co., Ltd., and the purpose is for personal financing. The pledge period is from January 15, 2026 to January 15, 2027. As of the disclosure date of the announcement, Chen Zemin has pledged a total of 24 million shares, accounting for 29.39% of his total shareholding and 2.73% of the total share capital of the company. The controlling shareholder and its concerted parties have the ability to fulfill the obligations, and the pledge will not lead to a change of control, and there is no risk of forced liquidation.