Xingsen Technology Controlling Shareholder Qiu Xingya Pledges 11 Million Shares and Releases Pledge on 9.5 Million Shares, Cumulative Pledge Ratio 19.58%

MaticHoleFiller · 2026-03-20T12:04:36+00:00

Xingsen Technology's controlling shareholder Qiu Xingya recently pledged a portion of shares, pledging 11 million shares, accounting for 4.69% of his holdings. Simultaneously, he released the pledge on 9.5 million shares. Total pledged shares amount to 45.9 million shares, accounting for 19.58% of his holdings. The company's board of directors confirmed the accuracy and truthfulness of the information disclosure.

MaticHoleFiller

2026-03-20 12:04:36

Abstract generation in progress

On March 13, Shenzhen XingSen Quick Circuit Technology Co., Ltd. (Stock Code: 002436, Stock Abbreviation: XingSen Technology) announced that the company’s controlling shareholder and actual controller, Mr. Qiu Xingya, recently handled some of his share pledges and releases.

The announcement shows that Mr. Qiu Xingya pledged 11 million shares this time, accounting for 4.69% of his personal holdings and 0.65% of the company’s total share capital. This pledge involves non-restricted shares and is not a supplementary pledge. The pledge started on March 13, 2026, and will end upon the completion of the pledge release registration. The pledgee is Guotai Haitong Securities Co., Ltd., and the funds are for personal financial needs.

Meanwhile, Mr. Qiu Xingya has解除之前质押的950万股股份。该部分股份于2023年5月25日质押给国泰海通证券股份有限公司，占其个人持股比例的4.05%，占公司总股本的0.56%，解除质押日期为2026年3月13日。

As of the date of this announcement, the share pledge and shareholding status of Mr. Qiu Xingya and his concerted action partner, Chen Lan, are as follows:

Shareholder Name	Number of Shares Held	Shareholding Ratio	Pledged Shares	Unpledged Shares
Qiu Xingya	234,462,652	13.79%	45,900,000 (19.58%)	188,562,652 (80.42%)
Chen Lan	4,611,024	0.27%	-	4,611,024 (100%)
Total	239,073,676	14.07%	45,900,000	193,173,676

Note: The restricted shares in the above table are locked shares held by senior management. The total data may have rounding differences due to summation.

After completing this pledge and release, Mr. Qiu Xingya has pledged a total of 45.9 million shares, accounting for 19.58% of his personal holdings and 2.70% of the company’s total share capital. Among his unpledged shares, the total of restricted and frozen shares is 129,946,989 shares, accounting for 68.91% of the unpledged shares.

XingSen Technology states that all members of the board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, with no false records, misleading statements, or major omissions. The reference document includes the stock pledge repurchase agreement with Guotai Haitong Securities Co., Ltd.

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