According to Fangda Special Steel's announcement, Jiangxi Itabe, a shareholder holding 5% or more of the shares, will pledge 84.04 million shares, accounting for 47.80% of the company's shares and 3.63% of the total share capital; in addition, it pledged 10.25 million shares, accounting for 5.83% of the company's shares and 0.44% of the total share capital. As of the date of disclosure of the announcement, Jiangxi Plate Spring has pledged a total of 954.66,900 shares, accounting for 54.30% of the company's shares and 4.13% of the total share capital. Dongfang Steel, the controlling shareholder, has pledged a total of 527.8483 million shares, accounting for 70.08% of the company's shares and 22.82% of the total share capital. The two pledged a total of 6233.152 million shares, accounting for 67.09% of the total number of shares held in the company and 26.95% of the total share capital. The risk of this pledge is manageable and has no significant impact on the company.

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