青龙管业：控股股东部分股份质押及解除质押

Core Viewpoint - Qinglong Pipe Industry announced that its controlling shareholder, Qinglong Holdings, has pledged 15 million shares (23.77% of its holdings, 4.50% of total share capital) to Guotai Junan Securities, with the pledge period from November 3, 2025, to November 2, 2026, for collateral purposes. At the same time, 33 million shares (52.29% of its holdings, 9.90% of total share capital) were released from pledge to Ningxia Yellow River Rural Commercial Bank. This operation aims to repay part of the debt and reduce the pledge ratio, without involving performance compensation. As of the announcement date, the controlling shareholder and actual controller, Chen Jiaxing, has pledged a total of 32 million shares, accounting for 9.60% of total share capital, with no risk of forced liquidation or change in control [1]. Summary by Categories - Pledge Details - Qinglong Holdings pledged 15 million shares (4.50% of total share capital) to Guotai Junan Securities [1] - The pledge period is from November 3, 2025, to November 2, 2026 [1] - 33 million shares (9.90% of total share capital) were released from pledge to Ningxia Yellow River Rural Commercial Bank [1] - Financial Strategy - The operation is intended to repay part of the debt and lower the pledge ratio [1] - The actions taken do not involve performance compensation [1] - Current Pledge Status - As of the announcement date, the controlling shareholder has pledged a total of 32 million shares, which is 9.60% of total share capital [1] - There is no risk of forced liquidation or change in control [1]