Dabeinong extends share pledge for controlling shareholder

Beijing Dabeinong Technology Group (SZSE:002385) revealed that Shao Genhuo, its controlling shareholder and chairman, has extended the pledge of 499,635,000 shares, representing 51.13% of his holdings and 11.62% of the company's total share capital. The pledge extension does not involve new financing, and the shares remain subject to a restriction for high-level management. Shao's total pledged shares accounted for 100% of the pledged shares. While the pledge has been extended, the company assured that it does not signal significant changes in the company's operation, financing, or control. The pledge risk is controllable, and does not threaten the stability of the shareholder's control. Dabeinong will continue to monitor any changes, and remind investors of potential risks.