Binjiang Chemical Co., Ltd.: The largest shareholder pledges and early termination of part of the share pledge.

Binhua Corporation announced that its largest shareholder, He Yi Investment, recently arranged for the pledge and early termination of part of its pledged shares. This time, 48 million shares were pledged, with the raised funds of 400 million yuan used to increase its stake in the company; on the same day, 48 million shares were released from the pledge. As of the disclosure date of the announcement, He Yi Investment has cumulatively pledged 72 million shares, accounting for 33.82% of its total holdings and 3.50% of the company's total share capital. Within the next six months, 24 million shares will expire, corresponding to a financing balance of 45.45 million yuan. He Yi Investment has the financial capacity to repay the funds.