Zhejiang Longsheng (600352): Xiang Zhifeng Lifted The Pledge Of 23 Million Shares

Zhejiang Longsheng (600352.SH) announced that in August 30, 2019, the company received a notice from Xiang Zhifeng, a member of the controlling shareholder, to release the company's shares.

In August 29, 2019, Xiang Zhifeng mortgaged it to the 23 million tradable shares of Shandong International Trust Limited by Share Ltd for the lifting of the pledge. The quantity of the shares was accounted for 0.71% of the total share capital of the company.

As of August 29, 2019, Xiang Zhifeng accumulated 9 million 300 thousand shares of the pledge company, accounting for 8.66% of the shares of its holding company, accounting for 0.29% 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 about 843 million 390 thousand 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 9 million 300 thousand shares, accounting for 1.10% of the number of shares held by the controlling shareholders, accounting for 0.29% of the total share capital of the company.