According to the Qicai Chemical announcement, Xu Huixiang, the actual controller of the company, pledged 6.73 million shares of the company to defer repurchase, accounting for 14.63% of the shares held by him and 1.69% of the company's total share capital. The purpose of the pledge was financing, and the expiration date of the pledge after the extension was September 23, 2027. As of the disclosure date of the announcement, Xu Huixiang and his co-actors held a total of 154 million shares, accounting for 38.70% of the company's total share capital, and pledged 69.89 million shares, accounting for 45.24% of their shares and 17.51% of the company's total share capital. The risk of this pledge is manageable and will not have a significant impact on the company's production and operation.

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.