According to the Southern Lights announcement, Pan Lianxing, the controlling shareholder and one of the actual controllers of the company, handled the release and re-pledge of some shares. A total of 10.23 million shares were released, accounting for 4.59% of the company's total share capital; this time, an additional 15.1 million shares were pledged, accounting for 6.78% of the company's total share capital, for personal capital requirements. As of the disclosure date of the announcement, Pan Lianxing held 389.796 million shares, with a shareholding ratio of 17.51%. After the pledge, he pledged a total of 28.56 million shares, accounting for 73.27% of his shares and 12.83% of the company's total share capital. This pledge will not result in a change in the company's actual control.

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