龙大美食：控股股东质押1.25亿股，累计质押比例达74%

Core Viewpoint - The announcement reveals that the controlling shareholder, Lanrun Development, has pledged 125 million shares, accounting for 42.59% of its holdings and 11.60% of the company's total share capital, to Dazhou Bank for collateral purposes, starting from December 9, 2025 [1] Summary by Relevant Sections - Shareholding and Pledge Details - Lanrun Development holds a total of 294 million shares, representing 27.23% of the company [1] - The cumulative pledged shares amount to 217 million, which is 74.00% of its holdings and 20.15% of the company's total share capital [1] - Financial Implications - There are 67 million shares set to mature within the next year, corresponding to a financing balance of 303 million yuan [1] - Lanrun Development is deemed capable of repayment, indicating no immediate financial distress [1] - Impact on Company Control - The current pledge does not affect the company's control or operations, suggesting stability in governance despite the share pledge [1]