ST BANBAO: The controlling shareholder pledged 10 million shares

*ST Banbao announced that as of the date of this announcement, the company's controlling shareholder, Jiangxi Muban New Energy Holding Co., Ltd., holds 87.5406 million shares of the company, accounting for 20.19% of the total shares. This time, 10 million shares are pledged, accounting for 11.42% of the shares held, and 2.31% of the total share capital of the company. After the pledge, the cumulative pledged shares amount to 83.30 million shares, accounting for 95.16% of the shares held, and 19.21% of the total share capital of the company. The purpose of this pledge is for guarantee, and the repayment funds mainly come from the controlling shareholder's daily operating working capital, self-raised funds, operating income, operating profit, investment income, etc