Cangzhou Pearl announced that Dongsu Group, the controlling shareholder of the company, Guangzhou Light Industry Group, pledged 10 million shares of the company on October 14, 2026, accounting for 6.79% of its shares and 0.61% of the company's total share capital. The pledge was Hebei Kangzhuang Environmental Technology Co., Ltd. The purpose of the pledge was to supplement working capital, and the pledge expires on October 13, 2029. As of the disclosure date of the announcement, the controlling shareholders and their co-actors pledged a total of 60 million shares, accounting for 18.40% of their shares and 3.64% of the company's total share capital. There is no risk of closing the position with this pledge, and it will not lead to a change in the company's actual control.

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