Core Viewpoint - The announcement details the pledge and release of shares by a significant shareholder of Xiangcai Co., Ltd., specifically by its concerted action partner, Chuzhou Xin'an Development Co., Ltd., which holds a substantial portion of the company's shares [2][4]. Summary by Sections Share Pledge and Release - Chuzhou Xin'an Development holds 464,427,406 shares of Xiangcai, accounting for 16.24% of the total share capital. After the recent pledge and release, the total pledged shares amount to 409,400,000, which is 88.15% of its holdings and 14.32% of the total share capital [2]. - Together with its concerted action partners, Chuzhou Xin'an Development holds 1,154,282,767 shares, representing 40.37% of the total share capital. The total pledged shares for this group are now 1,099,191,893, which is 95.23% of their holdings and 38.44% of the total share capital [2]. Pledge Situation of Major Shareholders - New Lake Holdings, the controlling shareholder, has 50 million shares due for pledge expiration within the next six months, which is 4.33% of their holdings and 1.75% of the total share capital. The corresponding financing amount for these shares is 150 million yuan [4]. - For the next year, excluding the six-month period, New Lake Holdings has 579 million shares due, which is 50.14% of their holdings and 20.24% of the total share capital, with a financing amount of 980 million yuan [4]. Financial Health and Risk Assessment - New Lake Holdings has sufficient financial capacity to repay its debts, with repayment sources including operational income and profits. There are no risks of forced liquidation or margin calls [5][10]. - The pledge situation of Chuzhou Xin'an Development is stable, with no current risks of forced liquidation. The company is prepared to take measures such as early repayment or buying back pledged shares if stock prices decline [10]. Corporate Governance and Operations - The pledge of shares by major shareholders will not affect the company's operations, financing costs, or governance structure. There will be no changes in the board of directors or the actual control of the company [5][9].
湘财股份有限公司关于控股股东之一致行动人股份解除质押及质押的公告