Zhonglai Holdings shareholder Lin Jianwei releases partial stock pledge, cumulative pledge ratio 51.74%

MaticHoleFiller · 2026-03-12T10:13:51+00:00

Suzhou Jolywood Optoelectronic Co., Ltd. shareholder Lin Jianwei recently released part of his pledged shares. He currently holds 16.36% of the shares, with 51.74% pledged. Lin Jianwei has waived voting rights on the released shares. His pledged shares face no liquidation risk and do not affect corporate governance.

MaticHoleFiller

2026-03-12 10:13:51

Abstract generation in progress

This newspaper report Suzhou Zhonglai Photovoltaic New Materials Co., Ltd. (Stock Code: 300393, Stock Abbreviation: Zhonglai Co.) announced on March 12 that the company’s shareholder, Mr. Lin Jianwei, recently解除质押部分公司股份。

The announcement shows that Mr. Lin Jianwei currently holds 178,236,987 shares of the company, accounting for 16.36% of the total share capital. As of the disclosure date, the total pledged shares amount to 92,212,920 shares, representing 51.74% of his holdings and 8.46% of the company’s total share capital.

Shareholder Name
Number of Shares Held (Shares)
Shareholding Ratio (%)
Total Pledged Shares (Shares)
Pledged Shares Ratio (%)
Total Share Capital of the Company (%)
Unpledged Shares (Shares)
Unpledged Shares Ratio (%)
Total Restricted and Frozen Pledged Shares (Shares)
Total Restricted and Frozen Unpledged Shares (Shares)
—
Lin Jianwei
178,236,987
16.36
92,212,920
51.74
8.46
86,024,067
48.26
0
0

Note: The restricted shares in the above table do not include senior management lock-up shares.

Zhonglai Co. specifically states that, according to the “Letter of Commitment to Waive Voting Rights” issued by Mr. Lin Jianwei on February 6, 2026, he has waived the voting rights of his 178,236,987 shares (16.36% of the company’s total share capital) from the date his voting rights委托到期, with a waiver period of 36 months, and voting rights will be immediately restored in certain circumstances. As of now, Mr. Lin Jianwei has waived all voting rights, and Zhejiang Zheneng Electric Power Co., Ltd. is the controlling shareholder of the company.

The announcement also emphasizes that Mr. Lin Jianwei is not the controlling shareholder or actual controller of the company. As of the disclosure date, there is no margin call risk on his pledged shares, and there is no impact on the company’s production, operation, or governance.

Supporting documents include partial解除质押登记证明 and details of securities pledge and judicial freeze from China Securities Depository and Clearing Corporation Limited.

Click to view the original announcement>>

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