Wanlang Magnetic Plastics announced that Shi Qianzhong, the controlling shareholder and actual controller of the company, pledged 3.34 million shares, accounting for 11.36% of its shares and 3.91% of the company's total share capital. The pledge was Guojin Securities Co., Ltd., and the pledge was to replace maturing debts, industrial operations, etc.; 3.34 million shares were released, accounting for 11.36% of the company's total share capital. As of the disclosure date of the announcement, Shi Qianzhong has pledged a total of 8.665 million shares, accounting for 29.47% of its shares and 10.14% of the company's total share capital. The risk of pledged shares is manageable, and there is no risk of liquidation.

Wanlang Magnetic Plastics announced that Shi Qianzhong, the controlling shareholder and actual controller of the company, pledged 3.34 million shares, accounting for 11.36% of its shares and 3.91% of the company's total share capital. The pledge was Guojin Securities Co., Ltd., and the pledge was to replace maturing debts, industrial operations, etc.; 3.34 million shares were released, accounting for 11.36% of the company's total share capital. As of the disclosure date of the announcement, Shi Qianzhong has pledged a total of 8.665 million shares, accounting for 29.47% of its shares and 10.14% of the company's total share capital. The risk of pledged shares is manageable, and there is no risk of closing the position.