Guangdong Hybribio Biotech shareholder adjusts pledged holdings

Guangdong Hybribio Biotech (SZSE:300639) announced that Yunnan Zhonghezhi Enterprise Management Co., Ltd., a shareholder holding over 5% of the company's shares, has processed a partial release and an extension of its share pledges. Specifically, 1.045 million shares were released from pledge with Hongta Securities Co., Ltd., representing 2.60% of Yunnan Zhonghezhi's total holdings and 0.17% of the company's total share capital. The release date for these shares is May 27, 2024.

In addition to the release, Yunnan Zhonghezhi extended the pledge for 19.00 million shares. This extension includes 16.24 million shares, originally pledged on December 6, 2023, for business needs. Furthermore, an extension was made for 1.805 million shares, originally pledged on May 27, 2024, also for business needs. Another 955,000 shares, pledged on June 20, 2024, for business needs, were also extended.

Following these adjustments, Yunnan Zhonghezhi's cumulative pledged shares amount to 25.93 million shares, representing 64.59% of its total holdings and 4.13% of Guangdong Hybribio Biotech's total share capital. The company clarified that the pledged shares are not subject to judicial freezing, auction, or trust arrangements and that there is no risk of forced liquidation or mandatory transfer.