According to Huilu Ecology's announcement, Ningbo Huining Investment Co., Ltd., a shareholder holding 5% or more of the company's shares, pledged 2.9 million shares on September 23, 2026, accounting for 2.33% of its shares and 0.37% of the company's total share capital. The pledge was Bank of Hangzhou Co., Ltd. Ningbo Beilun Branch. The pledge was for its own capital requirements, and the pledge expires on August 31, 2029. After this pledge, Ningbo Huining pledged a total of 35.86 million shares, accounting for 28.77% of its shares and 4.57% of the company's total share capital.

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