Pingtan Development controlling shareholder unpledges 7% of stake

Fujian Yamata Industrial, the controlling shareholder of Zhongfu Straits (Pingtan) Development Co., has unpledged 23.5 million shares representing 7.10% of its total holding and 1.22% of the company's total share capital.

Following this transaction, Yamata Industrial's total pledged shares amount to 122 million shares, accounting for 36.86% of its holdings and 6.32% of the company's total share capital.