Core Points - Shanxi Lu'an Environmental Energy Development Co., Ltd. announced that its controlling shareholder, Lu'an Group, has pledged 200 million shares of the company to secure the first phase of a non-public offering of exchangeable corporate bonds aimed at professional investors [1][2]. Group 1: Shareholder Information - Lu'an Group holds 1,837,926,512 shares of the company, accounting for 61.44% of the total share capital [1][2]. - The total number of shares pledged by Lu'an Group, including this transaction, is significant, as it reflects the company's reliance on financing through bond issuance [1]. Group 2: Pledge Details - The pledged shares represent 6.69% of Lu'an Group's total holdings in the company [1]. - The shares have been transferred to a designated account at China Securities Depository and Clearing Corporation Limited, Shanghai Branch, to ensure the bondholders can exchange shares and receive interest payments [1].