Hongxin Electronics: Controlling shareholder partially released pledged shares, accounting for 0.62% of the total share capital.

Hongxin Electronics announced that its controlling shareholder, Hongxin Entrepreneurship, recently completed the procedures for releasing the pledge of 3.01 million shares of the company, accounting for 3.58% of its holdings and 0.62% of the total share capital of the company. The pledgee is Chongqing International Trust Co., Ltd. After this pledge release, Hongxin Entrepreneurship has a total of 34.3293 million shares pledged, accounting for 40.78% of its holdings and 7.12% of the total share capital of the company. Currently, there is no risk of liquidation for the pledged shares, which does not affect the company's operation and governance, nor will it result in a change of control.