FJDB(SH:600693) Zheng Quan Zhi Xing·2025-07-29 16:21Summary of Key Points Core Viewpoint - Fujian Dongbai Group Co., Ltd. announced that its controlling shareholder, Fujian Fengqi Investment Co., Ltd., has pledged a significant portion of its shares, which may impact the company's financial structure and liquidity management [1][4]. Group 1: Shareholding and Pledge Details - Fujian Fengqi Investment and its concerted actors, Mr. Shi Zhangfeng and Ms. Shi Xia, collectively hold 547,859,599 shares, accounting for 62.98% of the company's total share capital [1][3]. - A total of 361,560,000 shares have been pledged, representing 66.00% of the shares held by these shareholders and 41.57% of the company's total share capital [1][3]. Group 2: Pledge Breakdown - The recent pledge includes 42,500,000 shares, which is 9.17% of the shares held by Fengqi Investment and 4.89% of the total share capital [1][3]. - After the pledge, the cumulative pledged shares for Fengqi Investment are 326,580,000, which is 70.44% of its holdings, while Mr. Shi Zhangfeng and Ms. Shi Xia have pledged 20,000,000 and 14,980,000 shares respectively [3][4]. Group 3: Future Pledge Expiry and Financial Impact - Within the next six months, 7,902,000 shares will mature, and within the next year, a total of 1,498,000 shares will mature, which corresponds to 69.96% of Ms. Shi Xia's holdings [4][6]. - The funds for repaying the pledged shares will primarily come from operational income and investment returns of Fengqi Investment and its related enterprises [4][6]. - The pledge will not significantly affect the company's main business, financing costs, or governance structure, as it is primarily for enhancing liquidity for related enterprises [6].