Dingsheng New Materials shareholder Purui Square completed depledging of 16.74 million shares and pledged 9.3 million shares, with cumulative pledge ratio of 13.07%

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【Financial Network News】On March 13, Jiangsu Dingsheng New Energy Materials Co., Ltd. (Stock Code: 603876,简称 “Dingsheng New Material”) announced that the company’s shareholder Beijing Purun Square Equity Investment Center (Limited Partnership) (简称 “Purun Square”) recently completed partial share pledge releases and re-pledge operations. This transaction involved the release of 16.74 million shares from pledge and the re-pledge of an additional 9.3 million shares, resulting in an overall net reduction of 7.44 million pledged shares.

The announcement shows that on March 11, 2026, Purun Square fully released the pledge of 16.74 million shares originally pledged to the Suzhou Yangtze River Delta Integration Demonstration Zone Branch of the Agricultural Bank of China. These shares account for 30.18% of its total holdings and 1.80% of the company’s total share capital. Notably, this release of pledged shares stems from a pledge transaction on December 31, 2021. Due to the company’s 2022 rights issue of 8 new shares for every 10 shares held, the number of pledged shares was proportionally adjusted.

On the same day as the release, Purun Square re-pledged 9.3 million unrestricted circulating shares to the same pledgee, with the pledge period from March 11, 2026, to September 28, 2029. The financing purpose is for its own operations. This pledge of shares accounts for 16.77% of its total holdings and 1.00% of the company’s total share capital.

As of the disclosure date, the pledge situation of Purun Square and its concerted action partner Purun Square No. 1 is as follows:

The announcement specifically states that all pledged shares are unrestricted circulating shares and are not used as guarantees for major asset restructuring or performance compensation. Purun Square and its concerted action partner currently hold a total of 7.66% of the company’s shares, with a total pledge of 930,000 shares. The overall pledge rate remains low and has not significantly impacted the stability of the company’s equity structure.

Dingsheng New Material states that the shareholder pledge behavior is due to their own financing needs and does not involve the company’s daily operations. The company will continue to monitor changes in shareholder pledges and fulfill its information disclosure obligations in a timely manner.

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Editor: Xiao Lang Kuai Bao