Hoperun Software's controlling shareholder adjusts share pledges

Jiangsu Hoperun Software announced that its actual controller, Mr. Zhou Hongwei, unpledged 1.82m shares (0.23% of total share capital) and 600,000 shares (0.08% of total share capital). Concurrently, Mr. Zhou Hongwei re-pledged 1.83m shares, representing 7.33% of his total holdings and 0.23% of the company's total share capital, with China Agricultural Bank Co. Nanjing Chengbei Sub-branch for financing guarantees.

Following these transactions, Mr. Zhou Hongwei's total pledged shares amount to 21.84m, representing 87.48% of his holdings and 2.74% of the company's total share capital. Combined with Hoperun Investment, the total pledged shares of the controlling shareholder and its concert party are 43.36m, or 71.89% of their combined holdings and 5.44% of the company's total share capital.

The company states that the share pledges are for financing guarantees and do not relate to the company's operational needs. The controlling shareholder and its concert party have no shares due for pledge within the next six months. Shares totaling 9.6m are due within the next year, representing 15.92% of their combined holdings and 1.21% of the company's total share capital, corresponding to a financing balance of 280m yuan.