Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-12-30 07:55Group 1 - The core point of the article is that Yunnan Jiajun Target Material Technology Co., Ltd. has pledged a significant portion of its shares, which raises concerns for investors [1][2] - As of December 26, 2025, the total number of pledged shares by Yunnan Jiajun is 513,600,000, accounting for 95.11% of its holdings and 17.61% of the company's total share capital [1] - The purpose of the recent share pledge of 27 million shares is for contract performance guarantee [2] Group 2 - The company confirms that the controlling shareholder does not engage in non-operating fund occupation or illegal guarantees that could harm the interests of the listed company [2] - The share pledge will not have a significant impact on the company's operations or governance, and there is no risk of forced liquidation of the pledged shares [2] - The company will continue to monitor the share pledge situation and disclose relevant information as required [2]