Tianlong Group: The controlling shareholder and some concerted actors have partially lifted the pledge of shares and pledged them again.

Sina Finance reported on March 31st that Tianlong Group announced that on March 31st, the company learned that its controlling shareholder Antai Holdings and acting in concert party Junrui Investment had both completed the procedures for the release and re-pledge of shares pledged to the Cixi Branch of Agricultural Bank of China. On March 30th, Antai Holdings released 31 million shares, and Junrui Investment released 5 million shares. On March 31st, Antai Holdings re-pledged 28 million shares, and Junrui Investment re-pledged 5 million shares, to supplement working capital. As of the announcement date, Antai Holdings and its concerted parties collectively held 110 million shares, accounting for 55.19% of the total share capital, with a total of 46 million shares pledged, accounting for 41.91% of the total shares held collectively, and 23.13% of the total share capital.