According to Ruilian New Materials's announcement, Liu Xiaochun, the company's shareholder and chairman, holds 8.722,700 shares of the company, accounting for 4.95% of the total share capital. It pledged 1 million shares on July 29, accounting for 0.57% of the total share capital, for personal capital requirements. After this pledge, Liu Xiaochun pledged a total of 5.71 million shares, accounting for 65.46% of his shares and 3.24% of the company's total share capital. Pledged shares have no guarantees such as material asset restructuring and potential performance compensation obligations.

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