Jiangsu Lopal Tech. (02465) has its controlling shareholder, Shi Junfeng, released the pledge of 11.8 million shares.

Jiangsu Lopal Tech. (02465) announced that recently, the company received a notification from its controlling shareholder and actual controller, Shi Junfeng, stating that Shi Junfeng will release the pledge of 11.8 million unrestricted shares previously pledged to Huaneng Guicheng Trust Co., Ltd. on February 10, 2025. The company has completed the registration procedures for the release of the pledge of shares at China Securities Depository and Clearing Co., Ltd.