Hengtong(SH:600226) Shang Hai Zheng Quan Bao·2025-08-13 19:32Core Viewpoint - Zhejiang Hengtong Holdings Co., Ltd. announced the release and re-pledging of shares by its controlling shareholder's action partner, indicating a significant portion of shares are pledged but within manageable risk levels [2][3][6]. Share Pledge and Release Summary - Hengtong Group's action partner, Suzhou Hengtong Yongxu Venture Capital Enterprise (Limited Partnership), holds 322,231,091 shares, accounting for 10.83% of the total share capital, with a cumulative pledge of 193,338,655 shares, representing 60.00% of its holdings [2]. - Hengtong Group and its action partners collectively hold 832,826,681 shares, which is 28.00% of the total share capital. After the recent pledge, the total pledged shares amount to 463,636,935, or 55.67% of their total holdings, equating to 15.59% of the company's total share capital [2][3]. Recent Pledge Activity - On August 12, 2025, Hengtong Yongxu released the pledge of 193,338,655 shares previously pledged to Agricultural Bank of China, and these shares were re-pledged on the same day [3][4]. - The main debt secured by this pledge is due on July 29, 2028, and the pledge does not involve guarantees for major asset restructuring or performance compensation [4]. Risk Management and Company Impact - As of the announcement date, there are no pledges due within six months or one year for Hengtong Group and its action partners, indicating a manageable risk profile [6]. - The company asserts that the pledge will not affect its main business, financing costs, or operational capabilities, and maintains independence in governance and management despite the pledge [7].