According to Grand Oriental's announcement, Jiangsu Wuxi Commercial Building Group Co., Ltd., the controlling shareholder of the company, has pledged 47.62 million shares of the company, accounting for 12.04% of its shares and 5.38% of the company's total share capital. The purpose of the pledge is to provide performance guarantees for the debts of Shanghai Junyao Co., Ltd., and the expiration date is October 20, 2027. After this pledge, the building group pledged a total of 235 million shares, accounting for 59.32% of its shares and 26.52% of the company's total share capital. Currently, the risk of pledging is manageable, and if there is a risk of liquidation, relevant countermeasures will be taken.

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