Linewell(SH:603636) Shang Hai Zheng Quan Bao·2025-04-11 21:00Core Viewpoint - The announcement details the pledge and release of shares by the controlling shareholder, Wu Zhixiong, indicating a significant portion of his holdings is pledged, but the overall impact on the company remains stable and manageable [1][7]. Summary by Sections Share Pledge and Release Overview - As of the announcement date, Wu Zhixiong holds 205,229,429 shares, representing 35.36% of the total share capital. After the pledge and release, a total of 142,900,000 shares are pledged, accounting for 69.63% of his holdings and 24.62% of the total share capital [2][3]. Details of Share Release - On April 9, 2025, Wu Zhixiong released 14,460,000 shares previously pledged to Fujian Jin Kong Commercial Factoring Co., Ltd. [3]. Details of Share Pledge - The pledged shares are not used for major asset restructuring or performance compensation guarantees [5]. Pledge Situation of Controlling Shareholder - Wu Zhixiong has 7,450,000 shares maturing in the next six months, representing 3.63% of his total holdings and 1.28% of the total share capital, with a corresponding financing balance of 39.02 million yuan. In the next year, 62,750,000 shares will mature, accounting for 30.58% of his holdings and 10.81% of the total share capital, with a financing balance of 241 million yuan [6][7]. Financial Stability and Risk Management - Wu Zhixiong's credit status is good, with repayment sources including personal assets, investment income, and dividends from the listed company. The pledge risk is considered manageable, and there is currently no risk of forced liquidation. Should such a risk arise, measures such as additional pledges, margin payments, or early repayments will be taken [6][7]. Impact on the Company - The share pledge will not affect the company's main business, financing costs, or operational capabilities. There will be no changes in the board of directors, and the control and governance structure of the company remains stable [7].