OFILM Group Co., Ltd announced that the company's controlling shareholder, Shenzhen OFIL Investment Holding Co., Ltd (referred to as "OFIL Holding"), and its concerted party, Yuga (China) Co., Ltd (referred to as "Yuga"), agreed to fulfill their pledge guarantee obligations according to the provisions of the "Stock Pledge Agreement" and "Supplementary Agreement to the Stock Pledge Agreement" due to historical legacy debts. OFIL Holding and Yuga each signed a "Pledge Securities Disposal Agreement" with Chaohu Eco-Technology Development Co., Ltd (referred to as "Chaohu Technology"). OFIL Holding transferred its 1.7242 million unrestricted circulating shares in the company to Chaohu Technology through a non-trade transfer to settle the debts; Yuga transferred its 53.1292 million unrestricted circulating shares in the company to Chaohu Technology through a non-trade transfer to settle the debts.