兴发集团：持股5%以上股东办理240万股股份质押及解质手续

Core Viewpoint - The announcement from Xingfa Group indicates that a major shareholder, Zhejiang Jinfanda, has completed the procedures for share pledge and release, which may impact the company's financial stability and liquidity [1] Group 1: Shareholder Actions - Zhejiang Jinfanda holds 178 million shares of Xingfa Group, accounting for 16.14% of the total shares [1] - A total of 2.4 million shares have been pledged, with the pledge period set from December 4, 2025, to December 4, 2028, to meet daily operational funding needs [1] - After this transaction, Zhejiang Jinfanda has cumulatively pledged 63 million shares, representing 35.38% of its total holdings and 5.71% of the company's total share capital [1]