China Baoan announced recently that Shaoguan Gaochuang, a shareholder holding 5% or more of the shares, pledged 168.3 million shares for its own production and operation from July 7 to 8, 2026, accounting for 36.25% of the company's total share capital; from July 8 to 9, the 130 million shares pledged earlier were released from the pledge, accounting for 28% of its shares and 5.04% of the company's total share capital. As of July 9, Shaoguan Gaochuang had pledged a total of 248,300,000 shares, accounting for 53.48% of its shares and 9.63% of the company's total share capital.

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