时代万恒：关于公司股东部分股份解除质押的公告

Core Viewpoint - The company, Times Wan Heng, announced the release of 20,000,000 shares previously pledged to Industrial Bank, indicating a positive development in its financial management and shareholder equity [1] Group 1 - The announcement was made on November 12, 2025, regarding the release of the pledged shares [1] - The shares were pledged to Industrial Bank and the release was confirmed by the China Securities Depository and Clearing Corporation Limited, Shanghai Branch [1] - The specific announcement number for this transaction is 临2019-075, indicating a formal record of the pledge and its release [1]