Tongwei Co., Ltd. announced that Tongwei Group, the controlling shareholder of the company, pledged 60 million shares on July 29, accounting for 2.95% of its shares and 1.33% of the company's total share capital, and pledged financing funds to maintain its own production and operation needs. As of the disclosure date of the announcement, Tongwei Group held 45.24% of the company's shares and pledged a total of 716 million shares, accounting for 15.91% of the company's total share capital and 35.18% of the total number of company shares it holds. The risk of this pledge is manageable and will not lead to a change in the company's actual control.

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