Tianhai Defense announced that recently, the controlling shareholder Longhai Heavy Energy released the pledge of 26.66,400 shares of the company, accounting for 12.07% of its shares and 1.51% of the company's total share capital. As of the disclosure date, Longhai Heavy Energy has pledged a total of 42.3 million shares, accounting for 19.58% of its shares and 2.45% of the company's total share capital. The cumulative number of pledged shares due within the next year is 1.39 million shares, accounting for 6.06% of the total number of shares held in the company and 0.76% of the company's total share capital. Longhai Zhongneng has the corresponding financial repayment ability, and there is no risk that the pledged shares will be liquidated or forcibly transferred.

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