Luoxin Pharmaceutical: The controlling shareholder has partially lifted the pledge of shares and re-pledged them

Luoxin Pharmaceutical announced that recently its controlling shareholder, Luoxin Holdings, has partially lifted the pledge of its shares and pledged some shares. On October 31, Luoxin Holdings lifted the pledge on 102 million shares, accounting for 43.23% of its holdings and 9.42% of the company's total share capital; on the same day, Luoxin Holdings pledged 101 million shares, accounting for 42.75% of its holdings and 9.31% of the company's total share capital. As of the announcement date, Luoxin Holdings and its concerted parties have cumulatively pledged 137 million shares, accounting for 56.83% of their holdings and 12.63% of the company's total share capital. This pledge is not used to meet the operational needs of the listed company and has no substantial impact on the company