Zhejiang Fu Run (600070): Controlling Shareholders Lifting Pledge 4 Million Shares

In June 9th, 600070.SH announced that the company's controlling shareholder, Fu run group, gave the original shares to the 4 million shares of Limited by Share Ltd branch of Limited by Share Ltd, China Everbright Bank in June 8, 2020, and handled the pledge in addition to 3.95% of its shares.

The company's controlling shareholder, Fu run group and its concerted action partner, Zhejiang Zhuji Huifeng Venture Capital Co., Ltd. ("Huifeng venture capital"), holds 127 million shares of the company, accounting for 24.24% of the total share capital of the company. After the lifting of the pledge, the controlling shareholders and their concerted persons accumulated 45 million 600 thousand shares of the pledged company, accounting for 36.04% of their total shareholding, accounting for 8.74% of the total share capital of the company.