Han's Laser controlling shareholder unpledges significant stock volume

Han's Laser Technology Industry Group announced that its controlling shareholder, Han's Holding Group, has released 1,610,000 shares from pledge with China Post Savings Bank. This represents 1.00% of Han's Holding's total shares and 0.16% of Han's Laser's total share capital.

Han's Holding and its concert parties still have 204,580,000 shares under pledge, accounting for 70.25% of their total holdings and 11.04% of Han's Laser's share capital. The company said there is no risk of forced liquidation or transfer of the released shares.