凤形股份: 关于控股股东所持股份解除质押及再质押的公告

Core Viewpoint - The company, Fengxing Co., Ltd., has received a notification from its controlling shareholder, Qinghai Western Indium Industry Co., Ltd., regarding the pledge and re-pledge of its shares, indicating ongoing financial maneuvers that may impact the company's capital structure and liquidity [3][4]. Group 1: Share Pledge and Release - The controlling shareholder, Western Indium Industry, has released 6,900,000 shares from pledge, which accounts for 27.44% of its holdings and 6.39% of the total share capital of the company [3]. - The release of the shares took place on June 24, 2025, after being pledged since March 11, 2024 [3]. Group 2: Current Pledge Situation - As of the announcement date, the total number of pledged shares by the controlling shareholder and its concerted parties is significant, with no shares currently unpledged [4]. - The company confirms that there are no violations or circumstances that would harm the interests of the listed company, including its operations, governance, or performance obligations [4]. Group 3: Risk Management - The company states that there are no warning lines or liquidation lines set for the pledges, indicating a stable control over the shares without immediate risk of change in actual control [5]. - In case of future risks, the controlling shareholder is prepared to take measures such as additional pledges or early repayments to mitigate potential issues [5].