Actually, Smart Home announced that Huixinda, the controlling shareholder of the company, pledged 7.48 million shares of the company's shares, accounting for 1.05% of its shares and 0.12% of the company's total share capital. The purpose of the pledge was to guarantee actually holding financing. The controlling shareholder actually controlled 1,043 million shares and was frozen, accounting for 0.06% of its shares and 0.02% of the company's total share capital. The reason for the freeze was an agreement dispute. As of the disclosure date of the announcement, the controlling shareholders and their co-actors pledged 78.34% of their shares, and frozen shares accounted for 73.86% of their holdings. This matter will not have a substantial impact on the company's production and operation or corporate governance, nor will it lead to a change in actual control.

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