正和生态：控股股东汇恒投资累计质押约4973万股

Core Viewpoint - Zhenghe Ecology has announced the release and pledge of shares by its controlling shareholder, Huiheng Investment, and actual controller, Zhang Yijun, indicating changes in shareholding structure and potential implications for the company's financial stability and governance [1]. Shareholding and Pledge Details - As of the announcement date, Huiheng Investment holds approximately 84.59 million shares, accounting for 39.96% of the total share capital. After the release of pledges, a total of approximately 49.73 million shares have been pledged, representing 58.8% of its holdings and 23.49% of the total share capital [1]. - Zhang Yijun directly holds about 38.46 million shares, which is 18.17% of the total share capital. Following the release and pledge, a total of 36.23 million shares have been pledged, making up 94.21% of her holdings and 17.11% of the total share capital [1]. - Together, Huiheng Investment and its concerted parties hold around 130 million shares, representing 61.38% of the total share capital. After the release and pledge, approximately 85.96 million shares have been pledged, which is 66.15% of their holdings and 40.61% of the total share capital [1]. Revenue Composition - For the year 2024, the revenue composition of Zhenghe Ecology is as follows: ecological protection and environmental governance account for 98.69%, planning and design for 1.2%, and other businesses for 0.11% [1]. Market Capitalization - As of the report, Zhenghe Ecology has a market capitalization of 2.2 billion yuan [2].