Lu Yan Medicine: controlling shareholder has released 22.52 million shares from pledge.

Luyan Pharmaceuticals announced that the company's controlling shareholder, Medicen, recently completed the procedures for releasing part of the company's shares held under pledge. The number of shares released from pledge this time is 22.5238 million shares, accounting for 16.32% of its holdings and 5.80% of the total share capital of the company. The start date is November 2, 2020, and the release date is October 31, 2025. The pledgee is China Industrial and Commercial Bank Xiamen Heshan Branch. As of the disclosure date of the announcement, Medicen and its concerted actors have pledged 0 shares of the company.