Easyhome parent partially releases and re-pledges shares

Easyhome New Retail Group (SZSE:000785) announced today that its controlling shareholder, Beijing Easyhome Investment Holding Group ("Easyhome Holding"), and its concert party, Horgos Huixinda Building Materials, have completed the release and immediate re-pledge of a combined 975 million shares. The initial release involved 375 million shares held by Easyhome Holding and 600 million shares held by Horgos Huixinda. Simultaneously, Easyhome Holding re-pledged 375 million shares, and Horgos Huixinda re-pledged 600 million shares, both to Tianjin Xinjingran Enterprise Management Partnership (Limited Partnership) as collateral for financing. Following these transactions, Easyhome Holding and its concert parties hold a total of 1,050,000,000 pledged shares or 38.38% of the issued shares. The company clarified that this activity does not pose significant risk to company control or operations.