Bosten Co., Ltd. Controlling Shareholder Completes Pledge Release of 11.47 Million Shares; Simultaneously Pledges Additional 21.08 Million Shares for Financing Repayment

Chongqing Boteng Pharmaceutical Technology Co., Ltd. (Stock Code: 300363,简称 “Boteng Co.”) announced on March 16 that the company’s actual controllers, Ju Nianfeng and Zhang Hebing, recently pledged and解除质押 their shares. The announcement shows that the two controllers解除质押 a total of 11.47 million shares and新增质押 21.08 million shares, mainly for personal financing and repayment of previous loans and interest.

Pledge and unpledge operations are conducted simultaneously

The announcement discloses that Mr. Ju Nianfeng解除质押 11.47 million shares pledged to Huaneng Guo Xin Trust Co., Ltd., representing 19.48% of his personal holdings and 2.11% of the company’s total share capital. The pledge started on June 16, 2025.

Meanwhile, Ju Nianfeng and Zhang Hebing pledged additional shares as detailed below:

The total新增质押 of 21.08 million shares accounts for 20.91% of the two controllers’ holdings and 3.88% of the company’s total share capital.

Cumulative pledge ratio reaches 55.23%

As of the announcement date, the three actual controllers Ju Nianfeng, Tao Rong, and Zhang Hebing (acting in concert) have pledged shares as follows:

The announcement shows that the three controllers hold 26.68% of the company’s shares, with a total pledged amount of 80.0835 million shares, accounting for 55.23% of their holdings and 14.74% of the total share capital. All pledged shares held by Ju Nianfeng are locked shares.

Pledged balance due within one year is 439.3 million yuan

The announcement also discloses the maturity of pledged shares. As of now, the pledged shares due within the next six months by Ju Nianfeng, Tao Rong, and Zhang Hebing total 47.0035 million shares, representing 32.41% of their holdings and 8.65% of the company’s total share capital, with a financing balance of 272.5 million yuan; within one year, the pledged shares due total 68.0835 million shares, representing 46.95% of their holdings and 12.53% of the company’s total share capital, with a financing balance of 439.3 million yuan.

The company states that the repayment sources for these shareholders include their own funds and self-raised funds. As of the announcement date, there is no risk of forced liquidation or margin calls on the pledged shares, and these pledges will not lead to changes in the company’s actual control or significantly impact its operations or governance. Additionally, the three controllers do not have non-operating capital occupation or illegal guarantees that harm the interests of the listed company.

After the completion of this pledge and解除质押, the ownership structure of Boteng Co. remains stable, and the company’s governance and daily operations are unaffected.

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