Core Viewpoint - Jiangsu Galaxy Electronics Co., Ltd. has announced the release and re-pledging of shares held by its controlling shareholder, Galaxy Electronics Group, indicating ongoing financial maneuvers within the company [1][2]. Group 1: Share Pledge Details - The controlling shareholder, Galaxy Electronics Group, has released 14,000,000 shares from pledge, which accounts for 5.73% of its holdings and 1.24% of the total share capital of the company [1]. - The re-pledged shares are part of a financial strategy, with the pledge starting on January 19, 2022, and set to end on July 14, 2025 [1]. - As of the announcement date, Galaxy Electronics Group has a total of 244,184,601 shares pledged, representing 21.68% of its holdings, with 116,500,000 shares being newly pledged [2]. Group 2: Financial Implications - The repayment of the pledged shares is expected to be sourced from the controlling shareholder's self-raised funds, including operational income, bank credit, and investment returns [2]. - The company asserts that the changes in share pledging will not adversely affect its production, operations, or governance [2]. Group 3: Documentation - The company has provided documentation from the China Securities Depository and Clearing Corporation regarding the release of the share pledge [3].
银河电子: 关于控股股东部分股份解除质押及再质押的公告