Hongxun Technology's controlling shareholder and concerted parties解除12 million shares pledged, with the total pledge ratio decreasing to 19.79%

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Ningbo Hongxun Technology Co., Ltd. (stock code: 603015, stock abbreviation: Hongxun Technology) issued an announcement on March 27, 2026, stating that one of the controlling shareholders’ persons acting in concert, Ningbo Bangbang Trading Co., Ltd. (hereinafter referred to as “Bangbang”), has completed part of the share pledge release procedures, involving 12 million shares, accounting for 2.9687% of the company’s total share capital.

According to the announcement, Bangbang handled the release and cancellation registration of the pledge for 12 million shares of unrestricted circulating shares at the Ningbo Beilun Branch of the Industrial and Commercial Bank of China Co., Ltd. on March 25, 2026. After this release, Bangbang still holds 45.0202 million shares of the company, accounting for 11.1376% of the company’s total share capital; its remaining pledged shares are 20 million shares, accounting for 44.4245% of its total shareholding, and accounting for 4.9478% of the company’s total share capital.

As of the date of disclosure in the announcement, the company’s controlling shareholder Red Factor Limited (hereinafter referred to as “Red”) and its persons acting in concert, together, hold 202.1095 million shares of the company, accounting for 50.00% of the company’s total share capital. Of these, Red directly holds 157.0893 million shares (38.8624% of the total share capital), and Bangbang holds 45.0202 million shares (11.1376% of the total share capital).

Regarding share pledges, the total number of shares pledged by the controlling shareholder and persons acting in concert decreased from 92 million shares before the release to 80 million shares, and the proportion of the total shareholding decreased from 45.52% to 39.58%; the proportion of the company’s total share capital decreased from 22.76% to 19.79%. The number of pledged shares held by Red remains unchanged at 60 million shares, accounting for 38.1948% of its shareholding.

The announcement also states that after this release of pledged shares by Bangbang, if the shares are subsequently used for pledge, the company will be informed in a timely manner according to specific circumstances, and the company will timely fulfill its information disclosure obligations. As of now, among the pledged shares held by the controlling shareholder and persons acting in concert, there are no shares subject to lock-up and no shares that are frozen; among the unpledged shares, there are also no lock-up or frozen shares.

This release of shares from pledge is beneficial for reducing the equity pledge risk faced by the controlling shareholder and persons acting in concert, optimizing their financial structure, and providing a more stable equity structure foundation for the company’s subsequent business and development.

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Responsible editor: Xiao Lang Express