Huazi Industrial announced that Shengtai Chuangfa, the controlling shareholder of the company, holds 29.90% of the company's shares. On December 11, 2025, the company learned that it pledged 72,497,015 shares on December 16, accounting for 50.00% of its shares and 14.95% of the company's total share capital. The pledge holder was Bank of Communications Binzhou Branch, and the pledge maturity date was December 15, 2032. The pledge was used to guarantee Zhongyu Technology's financing, and the funds were used for its own operations. Zhongyu Technology holds 55.00% of Shengtai Chuangfa's shares. This pledge will not adversely affect the company and will not result in a change in control.

Huazi Industrial announced that Shengtai Chuangfa, the controlling shareholder of the company, holds 29.90% of the company's shares. On December 11, 2025, the company learned that it pledged 72,497,015 shares on December 16, accounting for 50.00% of its shares and 14.95% of the company's total share capital. The pledge holder was Bank of Communications Binzhou Branch, and the pledge maturity date was December 15, 2032. The pledge was used to guarantee Zhongyu Technology's financing, and the funds were used for its own operations. Zhongyu Technology holds 55.00% of Shengtai Chuangfa's shares. This pledge will not adversely affect the company and will not result in a change in control.