JLGF(SZ:000712) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-26 04:25Core Viewpoint - The announcement details the pledge of shares by the controlling shareholder of Guangdong Jinlong Development Co., Ltd., indicating significant financial maneuvers and potential impacts on the company's capital structure [1][2][3]. Group 1: Share Pledge Details - The controlling shareholder, Dongguan New Century Science and Education Expansion Co., Ltd., has pledged shares, with a total of 25,235 million shares maturing in the next six months, representing 76.33% of their holdings and 28.16% of the company's total shares, with a corresponding financing balance of 1.185 billion yuan [2]. - In the next year, the total number of pledged shares maturing will be 29,755 million, accounting for 90.00% of their holdings and 33.21% of the company's total shares, with a financing balance of 1.527 billion yuan [2]. - The pledge financing is not intended for the company's operational needs, but the controlling shareholder has the capacity to repay the loans from their own or self-raised funds [2][3]. Group 2: Financial Situation of the Controlling Shareholder - The total debt balance of the controlling shareholder is 1.504 billion yuan, with 1.114 billion yuan due in the next six months and the full amount due within a year [5]. - The repayment sources for these debts will also be from self-owned or self-raised funds [5]. Group 3: Impact on Company Operations - The share pledge will not have a substantial impact on the company's operations or governance [3]. - The company will take measures to mitigate risks associated with potential forced liquidation or transfer of shares, including additional pledges or early repayments [5]. Group 4: Shareholding Changes - The announcement also mentions that 4.35 million shares were subject to judicial auction, with 1.35 million shares already transferred, leaving 3 million shares pending transfer, which would still allow the controlling shareholder to retain 13.25 million shares, or 14.79% of the total share capital [1]. Group 5: Legal Developments - The company has recently had shares in Dongguan Securities, totaling 66.029 million shares (4.4% of registered capital), unfrozen following a lawsuit withdrawal by Guangdong Lihua Investment Holdings Co., Ltd. [9].