According to legal information announcement, Yan Hua, the controlling shareholder and actual controller of the company, recently completed the registration procedure for cancellation of the pledge. The number of shares involved was 15 million, accounting for 14.22% of the shares held and 3.50% of the company's total share capital. As of the date of disclosure of the announcement, the total number of shares pledged by Yanhua was 18 million, accounting for 17.06% of its shares and 4.20% of the company's total share capital. The company stated that there is no risk that the shares pledged by Yan Hua will be liquidated or forcibly transferred. The company will continue to monitor relevant share pledge changes and risks, and fulfill its obligation to disclose information.

According to legal information announcement, Yan Hua, the controlling shareholder and actual controller of the company, recently completed the registration procedure for cancellation of the pledge. The number of shares involved was 15 million, accounting for 14.22% of the shares held and 3.50% of the company's total share capital. As of the date of disclosure of the announcement, the total number of shares pledged by Yanhua was 18 million, accounting for 17.06% of its shares and 4.20% of the company's total share capital. The company stated that there is no risk that the shares pledged by Yan Hua will be liquidated or forcibly transferred. The company will continue to monitor relevant share pledge changes and risks, and fulfill its obligation to disclose information.