Tianshun Co., Ltd. announced that recently, the company's shareholder Zhoushan Tianshun Equity Investment Co., Ltd. released its pledge on 3.5 million shares, accounting for 5.31% of its shares and 2.30% of the company's total share capital. As of the disclosure date of the announcement, the shareholder and its co-actors have pledged a total of 15 million shares, accounting for 19.95% of its shares and 9.85% of the company's total share capital. This solution will not have a substantial impact on the company's production, operation, governance, etc., nor will it lead to a change in the company's actual control.

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