Huatu Shanding: The controlling shareholder pledged 13.4781 million shares of stock for litigation settlement.

Huatu Shanding announced that recently, its controlling shareholder Tianjin Huatu Enterprises Management Co., Ltd. pledged 13.4781 million shares of the company to multiple enterprises, accounting for 14.27% of the shares held and 6.85% of the total share capital of the company, for the purpose of reaching a litigation settlement. As of the date of the announcement, Tianjin Huatu Enterprises Management Co., Ltd. has pledged a total of 65.4326 million shares, accounting for 69.30% of the shares held and 33.27% of the total share capital of the company. This pledge is unrelated to the company's production and operation, and the controlling shareholder has no shares due for expiration in the next six months or one year, which will not have a substantial impact on the company.