正和生态：控股股东质押1300万股，累计质押比例达68.32%

Core Viewpoint - The announcement from Zhenghe Ecology indicates that its controlling shareholder, Huiheng Investment, has pledged 13 million shares of restricted stock, which represents 15.37% of its holdings and 6.14% of the company's total share capital [1] Summary by Relevant Sections Share Pledge Details - Huiheng Investment has pledged 13 million shares starting from December 11, 2025, with the pledgee being Shanghai Zhangjiang ** Co., Ltd. The purpose of this pledge is to provide guarantees for financing by the listed company [1] - As of the announcement date, Huiheng Investment holds 39.96% of the company's shares and has cumulatively pledged 57.7849 million shares, which accounts for 68.32% of its holdings and 27.30% of the total share capital [1] Ownership and Pledge Statistics - Huiheng Investment and its concerted parties collectively hold 61.38% of the company's shares, with a total of 90.6849 million shares pledged, representing 69.79% of their holdings and 42.84% of the company's total share capital [1] - There are no shares with upcoming maturity for the next six months to one year, and there are no risks of forced liquidation, indicating no significant impact on the company [1]