Huatong Cable: The actual controller Zhang Wenyong released the pledge of 17.02 million shares.

Huatong Cable announced that recently, the actual controller of the company, Zhang Wenyong, has released the pledge of 17.02 million shares pledged to China Galaxy Securities, accounting for 19.98% of his holdings and 3.33% of the company's total share capital. After the release of this pledge, Zhang Wenyong has pledged a total of 15 million shares, accounting for 17.61% of his shareholding and 2.94% of the company's total share capital. As of the disclosure date of this announcement, the company's controlling shareholder and its concerted action parties have pledged a total of 46.4863 million shares, accounting for 9.11% of the total share capital, with no risk of forced liquidation and will not lead to a change in control.