Hongdou Co., Ltd. announced that a total of 248 million shares of Hongdou Group, the controlling shareholder, were released from pledge and freeze, accounting for 18.33% of its pre-transfer holdings and 10.82% of the company's total share capital. The relevant shares have been transferred through judicial auctions. Up to now, Hongdou Group and its co-actors have held a total of 1,156 million shares, accounting for 50.43% of the company's total share capital; of these, 1,147 million shares were pledged, accounting for 99.23% of its shares and 50.04% of the total share capital; 902 million shares were judicially frozen and 227 million shares were judicially flagged, accounting for a total of 97.71% of the shares held, accounting for 49.28% of the total share capital; Hongdou Group and Zhou Haijiang account for 297.92% and 208.46% of their shares, respectively.

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.