Fengxing Group: The controlling shareholder pledged 3 million shares to supplement working capital, with the cumulative pledge ratio reaching 71.19%.

Fengxing Co., Ltd. announced that its controlling shareholder, Western Indium Industry, pledged 3 million shares to Zhangcha Branch of Foshan Rural Commercial Bank Co., Ltd., accounting for 11.93% of its holdings and 2.78% of the total share capital, to supplement working capital. As of the disclosure date of the announcement, Western Indium Industry holds 23.28% of the company's shares, with a total pledge of 17.9 million shares, accounting for 71.19% of its holdings and 16.58% of the total share capital. 8 million shares pledged will mature within the next six months, corresponding to a financing of 124 million yuan, and the controlling shareholder has the ability to repay. This pledge does not have an alert line or a closing line, and the risk is controllable.