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Saiteng Co., Ltd. announced that the controlling shareholder Sun Feng pledged a total of 2.155.62 million shares on October 14 and 15, 2026, accounting for 3.30% of its direct shareholding ratio and 0.61% of the company's total share capital. The pledge was Dongwu Securities, and the capital was used to replace the pre-pledge; 3155.62 million shares were released on October 16, 2026, accounting for 4.82% of the company's total share capital. After this change, Sun Feng pledged a total of 6.783.62 million shares, accounting for 10.37% of its shareholding ratio and 1.92% of the company's total share capital. Sun Feng directly holds 654.330.79 million shares, accounting for 18.56% of the total share capital. There is no risk of liquidation of its pledged shares, which will not lead to a change in the company's actual control. In addition, Sun Feng and Zeng Hui split their shares due to divorce. As of October 15, 2026, Zeng Hui directly held 17.74% of the shares. The company's control may change, and the two parties are currently negotiating follow-up arrangements.
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Saiteng Co., Ltd. announced that the controlling shareholder Sun Feng pledged a total of 2.155.62 million shares on October 14 and 15, 2026, accounting for 3.30% of its direct shareholding ratio and 0.61% of the company's total share capital. The pledge was Dongwu Securities, and the capital was used to replace the pre-pledge; 3155.62 million shares were released on October 16, 2026, accounting for 4.82% of the company's total share capital. After this change, Sun Feng pledged a total of 6.783.62 million shares, accounting for 10.37% of its shareholding ratio and 1.92% of the company's total share capital. Sun Feng directly holds 654.330.79 million shares, accounting for 18.56% of the total share capital. There is no risk of liquidation of its pledged shares, which will not lead to a change in the company's actual control. In addition, Sun Feng and Zeng Hui split their shares due to divorce. As of October 15, 2026, Zeng Hui directly held 17.74% of the shares. The company's control may change, and the two parties are currently negotiating follow-up arrangements.
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