FJDB(SH:600693) Shang Hai Zheng Quan Bao·2025-10-10 19:49Core Viewpoint - Fujian Dongbai Group Co., Ltd. announced the release and re-pledging of shares by its controlling shareholder, Fujian Fengqi Investment Co., Ltd., indicating a significant portion of shares are pledged but the company maintains a stable financial outlook [2][3][7]. Summary by Sections Shareholding Structure - The controlling shareholder, 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 total share capital [2]. - A total of 321,550,000 shares are currently pledged, representing 58.69% of their holdings and 36.97% of the company's total share capital [2]. Release of Pledged Shares - Recently, Fujian Fengqi Investment released part of the shares previously pledged to Xiamen Bank and fully released shares pledged to Huaxia Bank [3]. - The released shares are all unrestricted circulating shares, and there are no frozen shares involved in this transaction [3]. Future Pledge Expiration - In the next six months, 34.53 million shares will mature, which is 7.45% of their total holdings and 3.97% of the company's total share capital, with a corresponding financing amount of 93.60 million yuan [4]. - Within the next year, 183.07 million shares will mature, including those maturing in the next six months, representing 39.49% of their holdings and 21.05% of the total share capital, with a financing amount of 558.66 million yuan [4]. Financial Impact and Risk Management - The pledged shares are not used for major asset restructuring or performance compensation guarantees [6]. - The controlling shareholder's pledge will not significantly impact the company's main business, financing credit, or operational capabilities [7]. - The funds for repaying the pledged shares will primarily come from operational income and investment returns of Fujian Fengqi Investment and its related enterprises [7]. - The company maintains that the pledge risk is controllable and will not lead to a change in actual control [7]. Ongoing Monitoring - The company will continue to monitor the share pledge situation of its controlling shareholder and comply with relevant regulations for timely information disclosure [8].