Jincheng Pharmaceutical announced that on July 10, it received a notice from the controlling shareholder Jincheng Industrial to pledge some of the company's shares and cancel the pledge business. 9.722,500 shares were released, accounting for 12.38% of the shares held and 2.53% of the company's total share capital; 6.6 million shares were pledged, accounting for 8.40% of the shares held, accounting for 1.72% of the company's total share capital. The purpose of the pledge was to repay debts. As of the disclosure date of the announcement, there is no risk of liquidation of Jincheng Industrial Pledged Shares, which will not lead to a change in the actual control of the company.

Jincheng Pharmaceutical announced that on July 10, it received a notice from the controlling shareholder Jincheng Industrial to pledge some of the company's shares and cancel the pledge business. 9.722,500 shares were released, accounting for 12.38% of the shares held and 2.53% of the company's total share capital; 6.6 million shares were pledged, accounting for 8.40% of the shares held, accounting for 1.72% of the company's total share capital. The purpose of the pledge was to repay debts. As of the disclosure date of the announcement, there is no risk of liquidation of Jincheng Industrial Pledged Shares, which will not lead to a change in the actual control of the company.