Huahong Technology(SZ:002645) Shang Hai Zheng Quan Bao·2025-12-05 20:25Core Viewpoint - The announcement details the pledge and re-pledge of shares by the controlling shareholder, Jiangsu Huahong Industrial Group Co., Ltd., indicating a high level of pledged shares which may raise concerns among investors regarding financial stability and control over the company [2][3]. Group 1: Share Pledge Details - Jiangsu Huahong Industrial Group and its concerted actors have pledged shares amounting to 99.90% of their total holdings in the company [2][3]. - The controlling shareholder has released part of its pledged shares and re-pledged them to meet operational financing needs, which does not relate to the company's operational requirements [2][3]. - As of the announcement date, the total number of pledged shares due within the next six months is 135,056,869 shares, representing 58.33% of their holdings and 21.52% of the company's total share capital, with a financing balance of 510 million RMB [3]. Group 2: Financial Health and Risk Management - The controlling shareholder, Huahong Group, has a good credit status and repayment capability, with repayment sources being self-owned funds and dividends from invested parties [3]. - There are no non-operational fund occupations or violations that could harm the interests of the listed company, and there is no impact on the company's operations or governance [3][6]. - The high proportion of pledged shares is primarily due to operational financing needs, and there are measures in place to mitigate potential risks, including additional pledges or early loan repayments if necessary [6].