锦和商管：控股股东质押2000万股股份用于偿还债务

Core Viewpoint - The announcement reveals that the controlling shareholder, Jinhua Group, has pledged 20 million shares to Chang'an International Trust Co., Ltd. for debt repayment purposes, indicating a strategic financial maneuver by the company [1] Group 1: Shareholding and Pledge Details - Jinhua Group holds 274 million shares, representing 58.00% of the total share capital [1] - After the recent pledge, Jinhua Group has a total of 52 million shares pledged, which accounts for 18.97% of its holdings and 11.01% of the company's total share capital [1] - The pledge period is set from October 29, 2025, to April 29, 2026 [1] Group 2: Purpose and Conditions of the Pledge - The financing from the pledged shares is specifically intended for debt repayment [1] - There are no guarantees or collateral arrangements related to major asset restructuring or performance compensation associated with this pledge [1]