Hongxin Electronics announced that recently, the controlling shareholder Hongxin Venture has pledged some of the company's shares and released the pledge procedures. In terms of pledges, a total of 23.25 million shares were pledged, accounting for 27.62% of its shares and 4.82% of the company's total share capital. The pledgers include Shanghai Zhangjiang Technology Microfinance Co., Ltd., all for financing purposes. In terms of release of pledges, 14 million shares were released, accounting for 16.63% of its shares and 2.90% of the company's total share capital. After this pledge, Hongxin Venture has pledged a total of 28.7 million shares, accounting for 34.09% of its shares and 5.95% of the company's total share capital. Currently, there are no risks such as liquidating positions.

Hongxin Electronics announced that recently, the controlling shareholder Hongxin Venture has pledged some of the company's shares and released the pledge procedures. In terms of pledges, a total of 23.25 million shares were pledged, accounting for 27.62% of its shares and 4.82% of the company's total share capital. The pledgers include Shanghai Zhangjiang Technology Microfinance Co., Ltd., all for financing purposes. In terms of release of pledges, 14 million shares were released, accounting for 16.63% of its shares and 2.90% of the company's total share capital. After this pledge, Hongxin Venture has pledged a total of 28.7 million shares, accounting for 34.09% of its shares and 5.95% of the company's total share capital. Currently, there are no risks such as liquidating positions.