Tianjin 712 controlling shareholder unpledges significant stake

Tianjin Zhibo Intelligent Technology Development Co. (Zhibo Technology), the controlling shareholder of Tianjin 712 Communication & Broadcasting Co., announced the unpledging of 24,526,000 shares on September 12, 2025. This move reduces the percentage of Zhibo Technology's pledged shares from 6.58% of its total holdings to 3.18% of the company's total share capital.

Before this release, Zhibo Technology had 156,627,800 shares pledged. Following the unpledging, its cumulative pledged shares now stand at 132,101,800, representing 35.42% of its total holdings and 17.11% of the company's total share capital. Zhibo Technology holds a total of 372,938,300 shares in Tianjin 712, accounting for 48.31% of the company's total equity.

The original pledge of these 24,526,000 shares was part of a stock pledge repurchase transaction conducted on November 11, 2024. Zhibo Technology stated that any future pledge plans would be disclosed in accordance with relevant laws and regulations.