What happened
Ray's largest shareholder (an individual) pledged shares as loan collateral, securing up to US$2.02M.
If the collateral is enforced, the largest shareholder's stake, and with it, control of the company, could change.
| Largest shareholder | an individual |
|---|---|
| Current stake | 8.64% |
| Loan secured | US$2.02M |
| Stake if enforced | 4.57% |
| Filed | 2026-03-19, [Amended] Share-pledge agreement that may change the largest shareholder |
| Source | DART rcept 20260319901868 → open original filing |
Source: DART. Information only, not investment advice.