SITC International: Controlling Shareholder Pledges 400 Million Shares (14.75%) as Collateral for Personal Loan

Bulletin Express10-29

Hong Kong, 29 October 2026 — SITC International Holdings Company Limited disclosed that controlling shareholder Resourceful Link Management Limited has pledged 400 million ordinary shares, representing 14.75% of the company’s issued share capital, to a licensed Hong Kong bank. The shares serve as collateral for a loan facility extended to Mr. Yang Shaopeng, who—through a family trust—indirectly owns 100% of Resourceful Link.

Post-pledge, Resourceful Link remains the largest shareholder with approximately 40.49% of SITC International’s total issued share capital.

The loan is solely for Mr. Yang’s personal financing needs and does not secure any obligations of SITC International or its subsidiaries. Consequently, the transaction falls outside the scope of Hong Kong Listing Rule 13.17, which governs financial assistance involving listed companies.

The board of directors has been informed of the arrangement. No impact on the group’s liabilities or guarantees was reported in the announcement.

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