COL Digital Publishing Group's controlling shareholder pledges more shares for financing

COL Digital Publishing Group announced that its controlling shareholder and actual controller, Mr. Tong Zhilei, has pledged 7.26 million shares. This transaction represents 8.33% of his total holdings and 1.00% of the company's total share capital. The pledge, initiated on October 10, 2025, with Guolian Minsheng Securities Co., Ltd., is for financing purposes and is not for restricted shares or as a supplemental pledge.

Following this latest transaction, Mr. Tong Zhilei's total pledged shares now stand at 18.89 million, accounting for 21.66% of his holdings and 2.59% of the company's total share capital. All of these pledged shares are currently restricted or frozen. The company stated that the pledged shares are not being used for performance compensation in major asset restructurings or other guarantee purposes.

COL Digital Publishing Group assures investors that there is no current risk of forced liquidation of the pledged shares, and the associated risks are deemed controllable. The company maintains that this pledge will not materially impact its production, operations, or corporate governance. The company will continue to monitor the pledge status and related risks, providing timely disclosures as required.