Songyang Resources announced that on July 15, 2026, Beihai Jinxingyang Investment Co., Ltd., the controlling shareholder and actual controller, released the pledge of 2.5 million shares, accounting for 24.12% of its shares and 1.22% of the company's total share capital. After this cancellation, Jin Xingyang pledged a total of 7.5 million shares, accounting for 72.35% of his shareholding. Wang Zhuangpeng and his co-actors pledged a total of 46.36 million shares, accounting for 75.36% of their total holdings. The 9.5 million shares pledged to expire within the next six months correspond to a financing balance of 80 million yuan. The controlling shareholder has the ability to repay. This dissolution will not affect the company's control.

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