BONNY HLDG (01906) Controlling Shareholder's Share Pledge Released

Stock News
Sep 30

BONNY HLDG (01906) announced that its controlling shareholder Maximax Holding Corporation (Maximax) had pledged a total of 550 million ordinary shares of the company's issued shares (the "Pledged Shares") to a Hong Kong-registered company (the "Pledgee", being an independent third party of the company) as security for a loan provided by the Pledgee to a company controlled by Mr. Jin Guojun (Mr. Jin), the Chairman of the company's board of directors. The Pledged Shares represent approximately 37.39% of the company's issued shares as of the date of this announcement.

The company's board of directors was informed that on September 30, 2025, Maximax had fulfilled its obligations secured by the pledge, and therefore the pledge was released.

Maximax is a limited company incorporated in the British Virgin Islands and is 100% owned by Mr. Jin. As of the date of this announcement, Maximax holds 793 million ordinary shares of the company, representing approximately 53.91% of the company's 1.471 billion issued shares.

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