CTM(SH:600711) Zheng Quan Zhi Xing·2025-07-14 16:10Core Viewpoint - The announcement details the pledge and release of shares by the controlling shareholder of Shengtun Mining Group, indicating a significant portion of shares are pledged while the overall financial health of the controlling shareholder remains stable [1][3]. Summary by Sections Share Pledge Details - The controlling shareholder, Shenzhen Shengtun Group, holds 40,305,000 shares, accounting for 1.30% of the total shares of the company [1]. - As of the announcement date, the total shares held by the controlling shareholder and its concerted parties amount to 554,799,897 shares, representing 17.95% of the total share capital [1]. - After the current pledge, the total number of pledged shares by the controlling shareholder and its concerted parties is 234,430,000 shares, which is 42.25% of their holdings and 7.59% of the company's total share capital [1]. Pledge and Release of Shares - The announcement specifies that 90,200,000 shares were pledged for financing to supplement liquidity, with a pledge period from July 11, 2025, to July 10, 2028 [1]. - Additionally, 108,230,000 shares were also pledged for liquidity purposes, with the same pledge period [1]. - The release of 120,000,000 shares occurred on July 14, 2025, which represents 26.23% of the pledged shares and 3.88% of the total share capital [1]. Overall Pledged Share Situation - The total pledged shares by the controlling shareholder and its concerted parties are 234,430,000 shares, which is 42.25% of their total holdings and 7.59% of the company's total share capital [2]. - The controlling shareholder's future pledge expirations within the next six months amount to 36 million shares, representing 7.87% of their holdings and 1.16% of the company's total share capital, with a corresponding financing balance of 40 million yuan [2]. Financial Health and Risk Management - The controlling shareholder's credit status is reported as good, with adequate repayment capabilities [3]. - In the event of a margin call risk, the controlling shareholder plans to take measures such as early repayment and additional pledges to mitigate risks [3]. - The share pledge will not adversely affect the company's operations, main business, financing costs, or governance structure [3].