Fuguang Corporation: Shareholders with more than 5% of the shares have released a pledge of 8.5 million shares.

date
09/04/2026
Fuguang Corporation announced that its shareholder Fujian Provincial State-owned Assets Management Co., Ltd., which holds more than 5% of the shares, has changed the form of stock pledge to stock guarantee and trust form due to the need for convertible bonds. On April 8, 2026, 8.5 million shares were released from the pledge, accounting for 29.03% of its holding, and 5.29% of the total share capital of the company. After this release of the pledge, the state-owned assets management company holds 29,282,254 unrestricted tradable shares of the company, accounting for 18.24% of the total share capital, with no pledged shares accumulated.