On November 11, 2025, Shannon Semiconductor (with the stock code 300475.SZ on the Shenzhen Stock Exchange) made a public announcement. It revealed that its significant shareholder, Shenzhen Xinlianpu, has entered into a share - pledge agreement, pledging 1.27 million shares of the company's stock. These pledged shares represent 5.55% of Shenzhen Xinlianpu's total shareholdings in the company and constitute 0.27% of the company's entire share capital.

The share - pledge arrangement officially took effect on November 10, 2025, and is set to reach its maturity date on November 10, 2026. The party receiving the pledge is CITIC Securities Co., Ltd., a well - known and reputable financial institution. The primary motivation behind this share - pledge is to secure financing. This move is a common practice in the financial market, where shareholders use their shareholdings as collateral to obtain funds for various business or investment purposes.