Jiangsu Sopu: The controlling shareholder has released 200 million shares from the pledge, with a total of pledged shares reaching zero.

Jiangsu Sopo Chemical Co., Ltd. announced that its controlling shareholder, Jiangsu Sopo Co., Ltd., completed the registration of the release of 200,000,000 shares on August 22. Sopo Group holds 876,653,001 shares of the company, accounting for 75.07% of the total share capital. The proportion of the released pledged shares to its holdings is 22.81%, and the proportion of the total share capital of the company is 17.13%. After the release of the pledge, the cumulative number of pledged shares of Sopo Group in the company has dropped to 0 shares, and there are currently no plans for further pledges. Any changes will be disclosed in accordance with regulations. These pledged shares were pledged to the Zhenjiang Branch of Bank of Communications on September 28, 2020.