Zhejiang Fu Run (600070): Controlling Shareholders Lifting Pledge 8 Million 200 Thousand Shares And Re Pledge 5 Million Shares

600070.SH released the company's controlling shareholder, Fu run group, in December 19, 2019. It gave the original pledge to the 8 million 200 thousand shares of Huaxia Bank Limited by Share Ltd Shaoxing Zhuji sub branch, which accounted for 8.10% of the shares held by the company, accounting for 1.57% of the total shares of the company. The shares of the company's share holding company were 8.10%.

In December 19, 2019, the company's controlling shareholder, Fu run group, handled the securities pledge registration business in China Securities Depository and Clearing Co., Ltd., and mortgaged 5 million tradable shares of the company's shares to the Zhuji branch of Huaxia Bank, Shaoxing, accounting for 4.94% of its holdings, accounting for 0.96% of the total share capital of the company.

Fu run group holds 101 million shares of the company, accounting for 19.40% of the total share capital of the company. After the lifting of the pledge and the pledge of further quality, the company has accumulated 55 million 910 thousand shares of the pledged company, accounting for 55.21% of its total shareholding, accounting for 10.71% of the total share capital of the company.

The company's controlling shareholder, Fu run group and its concerted action Zhejiang Zhuji Hui Feng Venture Capital Co., Ltd. (hereinafter referred to as "Hui Feng investment") altogether holds 133 million shares of the company's shares, accounting for 25.57% of the total share capital of the company. The lifting of the pledge and the subsequent pledge to postpone the pledge, the controlling shareholders and their acting people accumulated 88 million 116 thousand and 666 shares of the pledged company, accounting for 66.01% of their total shareholding, accounting for 16.88% of the total share capital of the company.