Yabon Chemical Holdings releases the pledge of 4.18 million shares held by its controlling shareholder.

Recently, Yabon Chemical received a notice from its controlling shareholder Ningbo Yabon, stating that it will release the 4.18 million shares it holds in the company from pledge, accounting for 1.62% of its total shares and 0.43% of the company's total share capital. The pledgee is Hongta Securities, with the pledge starting on September 11, 2023, and the release date on September 5, 2025. As of the announcement date, there have been changes in the cumulative pledged shares of Ningbo Yabon and its concerted parties. The company stated that the controlling shareholder and its concerted parties have good creditworthiness, the pledge risks are controllable, and it will not lead to a change in actual control, nor will it affect the company's operations. The company will continue to monitor and disclose relevant information.