Core Viewpoint - The announcement from Zhizheng Co., Ltd. indicates significant share pledges by major shareholders, which may impact the company's liquidity and financial stability [1] Group 1: Shareholding and Pledges - Leading Semiconductor directly holds 5.1373 million shares of the company, accounting for 3.36% of total shares, with a pledge of 1.86 million shares, representing 36.21% of its holdings and 1.22% of the company's total share capital [1] - Zhengxin Tongchuang and its concerted parties collectively hold 37.1773 million shares, which is 24.35% of the total shares, and after this pledge, they have a cumulative pledge of 16.86 million shares, making up 45.35% of their holdings and 11.04% of the company's total share capital [1]