SFX(SH:600370) Xin Lang Cai Jing·2026-01-23 09:15Core Viewpoint - The announcement from Sanfangxiang indicates significant changes in share pledges by its controlling shareholder, Sanfangxiang Group, which may affect the company's financial leverage but is stated to have no major impact on the company overall [1] Group 1: Share Pledge Changes - On January 22, 2026, Sanfangxiang Group will release a pledge of 1.118 billion shares and re-pledge 500 million shares [1] - Sanfangxiang Guotai, an associated party, will release a pledge of 200 million shares [1] Group 2: Shareholding Structure - As of the announcement date, Sanfangxiang Group holds 76.15% of the company's shares, with a total of 2.349 billion shares pledged, which represents 79.17% of its holdings and 60.28% of the total share capital [1] - Sanfangxiang Guotai holds 5.14% of the shares with no pledged shares [1] Group 3: Upcoming Pledge Expirations - In the next six months and one year, 53.75 million shares and 219 million shares, respectively, will have their pledges expire, corresponding to financing balances of 359 million yuan and 892 million yuan [1] - The company asserts that these pledge matters will not have a significant impact on its operations [1]