Jinyuan Shares: part of the shares of the controlling shareholder are pledged

On December 3, Jinyuan announced that its controlling shareholder, Jinyuan Holding Group Co., Ltd., had pledged 15.21 million shares of the company, starting on December 2, 2024.

As of the disclosure date of the announcement, the pledged shares held by Jinyuan Holdings and its concerted actors, Hangzhou Kaiyuan Asset Management Co., Ltd. and Mr. Zhao Hui, accounted for more than 50% but less than 80% of the company's shares. Jinyuan Holdings, Kaiyuan Assets and Mr. Zhao Hui do not have the risk of delay or liquidation of more than 5% of the pledged shares held by the company. This share pledge financing is not used to meet the production and operation needs of listed companies, and the pledged shares do not bear the obligation of performance compensation. The pledge agreement signed by Jinyuan Holdings and the pledgee does not specify the expiration date of the pledge, and the source of repayment funds is self-raised funds, which has the necessary solvency of funds.

In addition, Jinyuan Holdings, Kaiyuan Assets and Mr. Zhao Hui do not infringe the interests of listed companies by occupying non-operating funds of listed companies and providing illegal guarantees, and their share pledges have no impact on the production, operation and corporate governance of listed companies.