Xiangyuan New Materials: The controlling shareholder has released the pledge of 7.1521 million shares, accounting for 5.18% of the total share capital.

date
17/07/2026
Shanghai Xiangyuan New Materials announced that the actual controller of the company, Wei Zhixiang, pledged 7,152,100 shares to Yunnan International Trust Co., Ltd. for the purpose of releasing the pledge, accounting for 23.35% of his holdings and 5.18% of the total share capital of the company. Of these, 4,347,900 shares were pledged on March 18, 2026, and 2,804,200 shares on April 15, 2026, both of which were released on July 15, 2026. As of the disclosure date of the announcement, he and the acting in concert party have pledged a total of 12,230,000 shares, accounting for 8.86% of the total share capital, and Wei Zhixiang's pledged shares have no risk of being closed out.