According to Tianyang New Materials's announcement, Bai Rui Xingyang, the controlling shareholder of the company, pledged 12.982 million shares on June 30, 2026, accounting for 18.35% of its shares and 3.00% of the company's total share capital, providing additional guarantees for the financing loan for the second phase of the share acquisition. Bairui Xingyang and its co-actor Wei Chuangjia held a total of 92.376 million shares, accounting for 21.35% of the total share capital, and pledged 43.2674 million shares, accounting for 46.84% of their holdings and 10.00% of the total share capital. The risk of pledge is manageable and will not affect corporate governance and control.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.