Zhejiang Longsheng (600352):2 Controlling Shareholders Jointly Lifted The Pledge 1.8% Shares.

Zhejiang Longsheng (600352) announced in June 17th that the company received a notice on June 17, 2019 that it was a member of its controlling shareholder, Ruan Wei Xiang and Xiang Zhifeng.

Ruan Weixiang pledged to sell 85 million 560 thousand shares of tradable shares of Zhejiang Merchants Securities Company in August 13, 2018 through a stock pledge repurchase spanaction, and bought some advance repurchase in April 4, 2019 and April 30th respectively in August 13, 2018. In June 14, 2019, Ruan Weixiang bought the remaining 46 million 560 thousand shares of the tradable shares in advance and bought them back in advance. The original maturity repurchase date was August 13, 2019, and the stock relief procedures were completed. The number of shares in this solution accounted for 1.43% of the total share capital of the company.

Xiang Zhifeng pledged to sell 35 million 700 thousand shares of tradable shares of Zhejiang Merchants Securities Company in August 13, 2018 through a stock pledge repurchase spanaction, and bought some advance repurchase in March 7, 2019 and March 8th respectively in August 13, 2018. In June 14, 2019, Xiang Zhifeng bought the remaining 11 million 900 thousand shares of the tradable shares in advance and bought them back in advance. The original maturity repurchase date was August 13, 2019, and the stock relief procedures were completed. The number of shares in this solution accounted for 0.37% of the total share capital of the company.

As of June 14, 2019, Ruan Weixiang held 346 million shares of the company, accounting for 10.65% of the total share capital of the company, and Xiang Zhifeng held 107 million shares of the company, accounting for 3.30% of the total share capital of the company. After the lifting of the share pledge, Ruan Weixiang accumulated 0 shares of the company's pledge, accounting for 0% of the shares held by the company, accounting for 0% of the total share capital of the company. Xiang Zhifeng accumulated 23 million shares of the company's pledge, accounting for 21.41% of the shares held by its company, accounting for 0.71% of the total share capital of the company.

The controlling shareholder of the company, Ruan Shui long, Ruan Weixiang and Xiang Zhifeng, acted as an unanimous person, holding 843 million shares of the company, accounting for 25.92% of the total share capital of the company, of which the total number of pledged shares was 23 million shares, accounting for 2.73% of the number of shares held by the controlling shareholders, accounting for 0.71% of the total shares of the company.