Mingyang Electric: Controlling shareholder Mingyang in Zhongshan has increased the pledge by 4.77%

Mingyang Electric announced that its controlling shareholder, Zhongshan Mingyang, released a pledge of 8.35 million shares on May 22, 2026, accounting for 6.39% of its total holdings and 2.66% of the company's total share capital. At the same time, a new pledge of 15 million shares was made, accounting for 11.49% of its total holdings and 4.77% of the company's total share capital, with Bohai International Trust Co., Ltd. as the pledgee, for the purpose of supplementing working capital. As of the disclosure date, Zhongshan Mingyang holds 131 million shares, of which 62.45 million shares have been pledged, accounting for 47.83% of its total holdings and 19.87% of the company's total share capital.