Well Pharmaceutical: Shareholders Chen Xinguo, Tang Qunsong, and Shun Taizonghua conduct share pledges and releases

Well Pharmaceutical announced that it has recently learned about the pledge and release of shares held by its shareholders, Chen Xinguo, Tang Qunsong, and Nanjing Shuntai Zonghua Venture Capital Partnership. Among them, Chen Xinguo pledged 4.5 million shares, accounting for 31.89% of his holdings and 3.32% of the company's total share capital; Tang Qunsong pledged 3.85 million shares, accounting for 27.28% of his holdings and 2.84% of the company's total share capital; Shuntai Zonghua pledged 3.7 million shares, accounting for 36.48% of its holdings and 2.73% of the company's total share capital. In addition, Chen Xinguo and Tang Qunsong released 5.35 million shares and 4.8 million shares, respectively, accounting for 3.95% and 3.54% of the company's total share capital