Jointown(SH:600998) Shang Hai Zheng Quan Bao·2025-09-26 20:00Core Viewpoint - The announcement details the early release of share pledges by a major shareholder, Shanghai Hongkang, which may indicate improved financial stability and liquidity for the company [2][3]. Group 1: Share Pledge Release - Shanghai Hongkang has completed the early release of 73,000,000 shares, representing 1.45% of the company's total share capital [2]. - After the release, Shanghai Hongkang holds a total of 1,088,326,782 shares, which is 21.58% of the total share capital, with 466,571,892 shares still pledged, accounting for 42.87% of its holdings and 9.25% of the total share capital [2]. Group 2: Major Shareholder Pledge Situation - As of September 25, 2025, the controlling shareholder, Chuchang Investment, along with its concerted actors, holds 2,290,962,690 shares, which is 45.43% of the total share capital [2]. - Following the early release of shares, the total number of pledged shares held by Chuchang Investment and its concerted actors is 1,076,883,748 shares, reducing the pledged proportion of their holdings to 47.01% and the total share capital to 21.36% [2][3]. Group 3: Financial Stability - The controlling shareholder and its concerted actors have the financial capability to repay the pledged shares, with funding sources including bond issuance, dividends from the listed company, and investment income [3].