Jingyuntong: Controlling shareholder pledges additional shares

Beijing Jingyuntong Technology Co., Ltd. (SSE:601908) announced today that its controlling shareholder, Beijing Jingyuntong Daxing Technology Investment Co., Ltd., has pledged an additional 105 million shares. The shares were pledged to China CITIC Bank Beijing Branch (70,480,000 shares) and China CITIC Bank Wuxi Branch (34,520,000 shares), respectively, to support the company’s production and operations. Following this transaction, the cumulative number of shares pledged by the controlling shareholder totals 300 million, representing 42.86% of its holdings and 12.42% of the company's total share capital. Jingyuntong emphasized that the pledged shares are not related to any major asset restructuring performance compensation or other guarantee purposes.