Core Viewpoint - The company announced that its controlling shareholder, Baihuida, has recently released a total of 113 million shares from pledge, accounting for 9.31% of its holdings and 2.25% of the company's total share capital [1] Summary by Relevant Sections - **Share Pledge Release** - Baihuida released 113 million shares from pledge, with the release involving creditors including Haitong Securities and CITIC Securities [1] - The release dates are set for March 19, 2025, and April 7, 2025 [1] - **Current Pledged Shares** - As of the announcement date, Baihuida and its concerted parties have a total of 15 million shares pledged, which represents 3.45% of their holdings and 0.83% of the company's total share capital [1]

Group 1 - The controlling shareholder, Wenfeng Group, has released a pledge of 5 million shares, which accounts for 1.12% of its holdings and 0.27% of the company's total share capital [1] - After this release, Wenfeng Group has a total of 348 million shares pledged, representing 78.34% of its holdings and 18.85% of the company's total share capital [1]