Yonyou(SH:600588) Zhong Guo Jing Ji Wang·2025-10-29 02:47Core Viewpoint - The announcement from Yongyou Network (600588.SH) details the pledging and unpledging of shares by its controlling shareholder, Beijing Yongyou Technology Co., Ltd., indicating a significant level of pledged shares but asserting that the risk remains manageable and does not threaten the company's control [1][2]. Summary by Sections Share Pledge Details - On October 24, 2025, Beijing Yongyou Technology pledged 30,620,000 unrestricted circulating shares to Chongqing International Trust Co., Ltd., with the registration completed on October 27, 2025 [1]. - On August 27, 2025, Beijing Yongyou Technology had previously pledged 41,900,000 unrestricted circulating shares to Haihongda (Beijing) Catering Management Co., Ltd., which were unpledged on October 28, 2025 [1]. Shareholding Structure - After the recent pledges and unpledges, Beijing Yongyou Technology holds 921,161,630 shares, representing 26.96% of the total share capital. The total pledged shares amount to 445,220,000, which is 48.33% of its holdings and 13.03% of the total share capital [1]. - As of October 28, 2025, Beijing Yongyou Technology and its concerted parties hold 1,421,079,511 shares, accounting for 41.59% of the total share capital. The cumulative pledged shares total 521,720,000, which is 36.71% of their holdings and 15.27% of the total share capital [2]. Risk Management - Yongyou Network asserts that the pledge risk is within a controllable range and does not pose a threat to the actual control of the company. In the event of a margin call risk, Beijing Yongyou Technology plans to take measures such as additional pledging or early repurchase of shares to prevent forced liquidation and will promptly disclose information to the market [2].