Tonghua Dongbao: The controlling shareholder re-pledges 32 million shares after lifting the pledge.

Tonghua Dongbao announced that on August 11, the controlling shareholder Dongbao Group will release the pledge on 32 million shares pledged to the Tonghua branch of the Bank of Communications, and will re-pledge the same number of shares, with the pledge term ending on February 6, 2028. The purpose of the pledge is to supplement working capital. As of the announcement date, Dongbao Group and its acting in concert have cumulatively pledged 582 million shares, accounting for 90.73% of their total holdings and 29.71% of the company's total share capital. In the next six months and one year, the maturing pledged shares of Dongbao Group correspond to financing balances of 615 million yuan and 295 million yuan, respectively, and they have the capability to repay the funds. The company warns that the high proportion of pledges by Dongbao Group presents certain risks.