Yabon Chemical Holdings' controlling shareholder has extended the pledge of some shares, and the overall risk is controllable.

Recently, Yaben Chemical Co., Ltd. announced that its controlling shareholder, Ningbo Yaben Holdings Co., Ltd., has engaged in an extension of the pledge agreement for a portion of the company's shares. The extension of the pledge agreement involves 37.97 million shares, accounting for 14.73% of the shares held by Ningbo Yaben and 3.94% of the company's total share capital. The pledgee is Hongta Securities Co., Ltd., and the purpose is for financing and additional collateral. As of the announcement date, Ningbo Yaben and its concerted parties have pledged a total of 167.6 million shares, accounting for 48.28% of their shareholding and 17.40% of the company's total share capital. 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 of the company or affect its operations.