ZDDC(SH:600633) Zheng Quan Zhi Xing·2025-03-27 10:39Core Viewpoint - Zhejiang Digital Culture Group Co., Ltd. announced that its controlling shareholder, Zhejiang Media Holdings Group Co., Ltd., has pledged 200 million shares to secure a non-public issuance of exchangeable bonds, which will not affect the company's control or operations [1][2]. Group 1: Exchangeable Bonds Issuance - Zhejiang Media Holdings plans to issue up to 1.4 billion yuan in exchangeable bonds, with the issuance approved by the Shanghai Stock Exchange [1]. - The bonds will be issued in phases within 12 months from the issuance of the approval letter [1]. Group 2: Share Pledge Details - The pledged shares represent 32.32% of the total shares held by Zhejiang Media Holdings and 15.77% of the total shares of the company [1]. - Prior to this pledge, Zhejiang Media Holdings had no shares pledged, and this pledge is intended to secure the bondholders' rights [1]. Group 3: Impact on the Company - The share pledge will not lead to a change in the actual control of the company and will not significantly impact its operations or governance [2]. - In case of any risks arising, Zhejiang Media Holdings will provide additional guarantees as required by the bond trustee [2].