Wanlang Magnetic Plastics announced that Shi Qianzhong, the controlling shareholder and actual controller of the company, pledged 3.34 million shares, accounting for 11.36% of its shares and 3.91% of the company's total share capital. The pledge was Guojin Securities Co., Ltd., and the pledge was to replace maturing debts, industrial operations, etc.; 3.34 million shares were released, accounting for 11.36% of the company's total share capital. As of the disclosure date of the announcement, Shi Qianzhong has pledged a total of 8.665 million shares, accounting for 29.47% of its shares and 10.14% of the company's total share capital. The risk of pledged shares is manageable, and there is no risk of closing the position.

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