Tianma Tech insider unpledges significant shareholding, reducing group's pledge ratio

Fujian Tianma Science & Technology Group announced that Mr. Chen Qingchang, an individual acting in concert with the company's controlling shareholder and actual controller, has released 1,628,272 pledged shares. These shares represent 81.95% of his total holding and 0.32% of the company's total share capital. Following this transaction, Mr. Chen Qingchang no longer has any pledged shares, and he currently has no plans for further pledging.

As of the announcement date, the controlling shareholder, actual controller, and their concert parties collectively hold 163,368,164 shares, representing 32.33% of the company's total share capital. After Mr. Chen Qingchang's unpledging, the total number of pledged shares held by this group decreased to 65,670,000 shares.

This reduction means that the pledged proportion of their total holdings now stands at 40.20%, down from a previous 41.28%. The pledged shares held by the group now represent 12.99% of the company's total share capital.