Zhongji Innolight Controller Pledges 728,000 Shares

Zhongji Innolight (03308) said its actual controller, Wang Weixiu, has pledged 728,000 shares, equal to 0.06% of the company’s equity, with the pledge set to mature in August next year and used to repay debt. According to ETNet, Wang’s pledged shares have risen to 2.078 million, or 0.18% of equity. Wang currently holds a 5.92% stake, meaning the pledged shares account for 2.98% of his holdings.