Controlling Shareholder of B.DUCK SEMK Pledges 100 Million Shares

Stock News
Jun 08

B.DUCK SEMK (02250) has announced that it has been notified by Semk Products (Group) Limited, a company wholly owned by Mr. Xu Xialin, an executive director, chairman of the board, chief executive officer, and a controlling shareholder of the company, that on June 8, 2026, Semk Products pledged 100 million shares in the company's capital, each with a par value of US$0.000025, to Aurex Nordic Capital Limited (the lender) as security for a loan granted to Semk Products.

This pledge was made pursuant to a master pledge agreement entered into between Semk Products and the lender.

As of the date of this announcement, Mr. Xu, through his direct holdings and companies wholly owned by him, collectively holds 674 million shares, representing approximately 66.84% of the company's issued share capital. These companies include: Semk Products, which directly holds 100 million shares (approximately 9.92% of the issued share capital); and Semk Global Investment Limited, which is wholly owned by Semk Products and directly holds 553.2 million shares (approximately 54.86% of the issued share capital).

The 100 million shares directly held by Semk Products have been pledged as security under the master pledge agreement.

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