Tianma Technology: Share pledge risk of controlling shareholder and concerted parties is controllable.

Tianma Technology announced that, as of the date of this announcement, the pledged shares of the company's controlling shareholder and actual controller Chen Qingtang and his persons acting in concert that will mature within the next six months total 46.67 million shares, accounting for 31.46% of the total shares they hold and 9.23% of the company's total share capital, corresponding to an outstanding financing balance of RMB 245 million; pledged shares maturing within the next year total 17.50 million shares, accounting for 11.80% of the total shares they hold and 3.46% of the company's total share capital, corresponding to an outstanding financing balance of RMB 100 million. They have the ability to repay the funds, the pledge risk is controllable, and there is no situation that harms the company's interests or affects the company's production and operations or the stability of control. The pledged shares this time were not used as guarantees for performance compensation in major asset restructuring or other purposes. The 33 million pledged shares held by Tianma Investment have been released from pledge.