ABACHEM's controlling shareholder has extended the pledge of some shares, and the overall risk is controllable

Recently, ABACHEM Co., Ltd. announced that its controlling shareholder, Ningbo ABACHEM Holdings Co., Ltd., has conducted a pledge extension for part of the company's shares it holds. This pledge extension involves 37.97 million shares, accounting for 14.73% of the shares held by Ningbo ABACHEM and 3.94% of the company's total share capital. The pledgee is Hongta Securities Co., Ltd., and the purpose is for financing and supplementing the pledge. As of the announcement date, Ningbo ABACHEM and its concerted parties have cumulatively pledged 167.6 million shares, accounting for 48.28% of their held shares and 17.40% of the company's total share capital. The company stated that the controlling shareholder and its concerted parties have good creditworthiness, the pledge risk is controllable, and it will not lead to a change in the actual control of the company, nor will it affect the company's operations