Tianrun Industry: Controlling shareholder releases pledge on 40 million shares

Tianrun Industry announced that on October 31, it received a notice from its controlling shareholder Tianrun United that it would release the pledge on 40 million shares of the company, accounting for 22.86% of its holdings and 3.51% of the company's total share capital. The pledgee is Weihai Commercial Bank Co., Ltd. Wendeng Branch, and the release date is October 30. As of the announcement date, Tianrun United and its concerted parties have a total of 72.5 million pledged shares, accounting for 20.98% of their holdings and 6.36% of the company's total share capital. Currently, there is no risk of forced liquidation of the pledged shares, which will not lead to a change in the actual control of the company and will not have an adverse impact on the company