Jizhong Energy's major shareholder unwinds stock pledge

Jizhong Energy Resources (SZSE:000937) announced that its controlling shareholder, Jizhong Energy Group, has released a portion of its company shares from pledge. Specifically, 540 million shares were released, representing 46.24% of Jizhong Energy Group's holdings and 15.28% of Jizhong Energy Resources' total share capital. Following this transaction, Jizhong Energy Group's total pledged shares stand at 408,649,076 shares. The announcement clarifies that the share pledge does not present a risk of forced liquidation, nor will it lead to a change in the company's actual control.