Henan Zhongfu Industrial (SH:600595) Zheng Quan Zhi Xing·2025-05-30 10:19Core Viewpoint - Henan Zhongfu Industrial Co., Ltd. announced that its controlling shareholder, Henan Yulian Energy Group Co., Ltd., plans to lift the pledge on a total of 266 million shares of Zhongfu Industrial stock that were used as collateral for the non-public issuance of 2018 exchangeable bonds [1][2][3]. Group 1: Exchangeable Bonds Information - The exchangeable bonds were issued in two phases, with the first phase having a scale of 245,784,000 shares and the second phase involving 20,216,000 shares [1][2]. - The bonds were scheduled to be delisted from the Shanghai Stock Exchange on April 23, 2024, following a court-approved bankruptcy restructuring plan for Yulian Group [1][2]. Group 2: Pledge Release Details - The release of the pledge involves 20,216,000 shares, which represents a portion of the total pledged shares [2][3]. - After the completion of the pledge release, all 266 million shares pledged for the exchangeable bonds will be fully released [1][3]. Group 3: Shareholding and Pledge Status - Yulian Group holds a total of 1,077,248,821 shares, accounting for 26.87% of the company, with 667,027,160 shares currently pledged, representing 61.92% of its holdings [3]. - The total pledged shares by Yulian Group and its affiliates amount to 1,117,248,821 shares, with 667,027,160 shares still under pledge, which is 59.70% of their total holdings [3].