Core Viewpoint - The announcement details the partial release of share pledges by the controlling shareholder of Chutianlong Co., Ltd., indicating a stable financial situation and manageable pledge risks for the company [1][2]. Group 1: Share Pledge Information - The controlling shareholder, Wenzhou Xianghongwan Enterprise Management Co., Ltd., has released part of its pledged shares [1]. - As of October 20, 2025, Wenzhou Xianghongwan and its concerted party hold a total of 227.43 million shares in the company [1]. Group 2: Financial Stability and Risk Management - Wenzhou Xianghongwan and its concerted party have a good credit status and sufficient financial capacity to repay, indicating that the pledge risk is controllable [2]. - The total number of pledged shares is relatively low compared to the total shares held, and there are no risks of forced liquidation or transfer that would adversely affect the company's operations and governance [2]. Group 3: Documentation - The announcement includes references to documents such as the share freeze details from China Securities Depository and Clearing Co., Ltd., and the notice of partial share pledge release from Wenzhou Xianghongwan [3].