Core Viewpoint - Jinhe Biological (002688) announced the release of 22.8 million pledged shares by its controlling shareholder, Jinhe Holdings, which represents 9.43% of its holdings and 2.95% of the company's total share capital [1] Group 1 - The pledged shares were initially pledged on October 30, 2023, and the release date is set for May 21, 2025 [1] - The pledgee for these shares is GF Securities Co., Ltd [1] - As of the announcement date, Jinhe Holdings and its concerted parties have a total of 140 million pledged shares, accounting for 50.31% of their holdings, indicating no risk of forced liquidation [1]

Group 1 - The core point of the announcement is that Qingdao Tianchen Investment Co., Ltd. has released part of its pledged shares in Hailian Jinhui Technology Co., Ltd. [1] - Tianchen Investment has released a total of 10,310,000 shares, which accounts for 19.66% of its holdings and 0.88% of the company's total shares [1] - The released shares include 4,640,000 shares (8.85% of its holdings) and 5,670,000 shares (10.81% of its holdings), both of which were pledged to China Galaxy Securities Co., Ltd. [1] Group 2 - After the release of the pledged shares, Tianchen Investment has no shares under pledge, freeze, auction, or trust arrangement [3] - There is no change in the actual control of the company following this release [3] - The company will continue to monitor Tianchen Investment's pledge situation and fulfill its information disclosure obligations [3]

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