Jingyuntong controlling shareholder pledges over 200m shares

Beijing Jingyuntong Technology (SSE:601908) announced that its controlling shareholder, Beijing Jingyuntong Daxing Technology Investment Co., Ltd., has pledged an additional 109,007,534 shares. As of the disclosure date, Jingyuntong Daxing holds 700,000,000 shares, representing 28.99% of the company's total share capital. The total number of shares pledged by Jingyuntong Daxing now stands at 214,007,534, accounting for 30.57% of its total holdings.

These recent pledges, along with previous ones, were made to various banks and company suppliers, including Industrial Bank Co., Ltd., Bank of Ningbo Co., Ltd., and China Everbright Bank Co., Ltd. The primary purpose of these pledges is to support the operational activities of Beijing Jingyuntong Technology and its subsidiaries.

The pledged shares were not used for collateral or other guarantee purposes related to major asset restructurings or performance compensation. Together with consistent actor Feng Huanpei, the total pledged shares account for 8.86% of the company's total share capital.