YONGYUE(SH:603879) Zheng Quan Zhi Xing·2025-07-03 16:27Core Viewpoint - The announcement details the pledge of shares by the controlling shareholder, Jiangsu Huaying Enterprise Management Co., Ltd., which has pledged a significant portion of its holdings in Yongyue Technology Co., Ltd. to secure financing for debt repayment and working capital needs [1][5]. Summary by Sections Share Pledge Details - As of the announcement date, Jiangsu Huaying holds 62,159,500 shares, representing 17.30% of the total share capital of the company. After the pledge, 61,500,000 shares are under pledge, accounting for 98.94% of Jiangsu Huaying's total holdings and 17.11% of the company's total share capital [1][2]. - The pledged shares include 7,000,000 shares for debt repayment and 10,000,000 shares for working capital, with the total pledged amount being 17,000,000 shares [1][2]. Pledge Status and Financial Implications - The cumulative pledged shares by Jiangsu Huaying exceed 80% of its holdings, with a corresponding financing amount of 54,500,000 yuan. The upcoming six months will see 31,500,000 shares maturing, which is 16.09% of its holdings and 2.78% of the total share capital [2][5]. - Jiangsu Huaying has returned all funds previously occupied by the company, indicating that the current share pledge financing is not related to those funds [2][5]. Company Operations and Governance - The company confirms that its operations are normal and that Jiangsu Huaying operates independently from the company. The share pledge will not affect the company's governance, control, or management structure [5]. - The board of directors will continue to monitor the situation and fulfill disclosure obligations as required by law [5].