Oriental Yuhong controlling shareholder releases 8.1m pledged shares

Beijing Oriental Yuhong Waterproof Technology's controlling shareholder Li Weiguo released 8.1 million shares from pledge, representing 0.34% of the company's total share capital.

Despite this release, Li Weiguo and his concerted parties still have 384.3 million shares pledged, representing 70.94% of their total holdings.

Separately, Oriental Yuhong provided new guarantees totaling RMB120 million for three wholly-owned subsidiaries to support their financing capabilities.