Yisheng Shares announced on the evening of October 8 that its controlling shareholder and actual controller Cao Jisheng completed partial release of pledged shares and extension of pledge repurchase, with 15.696 million shares extended by one year and 509,000 shares released from pledge. The 15.696 million shares in this extension originally had a pledge maturity date of September 29, 2026, now extended to September 29, 2027, with China Merchants Securities as the pledgee and the pledge purpose being replacement of prior pledge financing. These shares account for 2.67% of his holdings and 1.10% of the company's total share capital. The 509,000 shares released from pledge account for 0.09% of his holdings and 0.04% of the company's total share capital. As of the announcement date, Cao Jisheng holds 587 million shares of Yisheng Shares, representing 41.02% of the company's total share capital, with cumulative pledged shares of 237 million, accounting for 40.33% of his holdings and 16.54% of the company's total share capital. The company stated that he has the ability to repay funds, the pledged shares do not pose a forced liquidation risk, and there will be no change in actual control. Since the beginning of this year, Cao Jisheng has released pledges in multiple batches, reducing his personal pledge ratio from nearly 50% at the start of the year to 40.33%. Previously, after pledging 26.17 million shares on May 18, 2026, his cumulative pledged shares once reached 293 million, accounting for 49.88% of his holdings. In terms of performance, Yisheng Shares achieved operating revenue of 1.697 billion yuan in the first half of 2026, up 28.44% year on year, with net profit attributable to the parent company of 308 million yuan, compared with 6.1551 million yuan in the same period last year, a year-on-year increase of 4897.29%.
Shandong Yisheng Livestock & Poultry Breeding Co LtdActual controller Cao Jisheng extended the pledge on 15.696 million shares by one year while releasing 509,000 shares, lowering his personal pledge ratio to 40.33% with no forced-liquidation risk or change in control.
China Merchants Securities Co Ltd