The controlling shareholder of Gaosheng Silica Holdings, the concerted actioner Luo Yi, pledged 2.6 million shares.

Hesheng Silicon Industry announced that it recently received a notification of partial stock pledged by its controlling shareholder and concerted action person Luo Yi, pledging 2.6 million shares, accounting for 1.35% of the shares held, and 0.22% of the total share capital of the company. The pledged financing will be used for production and operation. As of the announcement date, Luo Yi directly holds 192,493,302 shares, accounting for 16.28% of the total share capital, with a total of 95,520,600 shares pledged, accounting for 49.62% of the shares held and 8.08% of the total share capital. Hesheng Group and its concerted action parties collectively hold 73.52% of the total share capital, with pledged shares accounting for 49.45% of their total holdings and 36.36% of the total share capital. The relevant parties have good creditworthiness and financial conditions, and the pledge risk is controllable.