Summary by Futu AI
Chongqing Hongqiu Fruit Co., Ltd. (“Hongqiu Fruit Products”) announced on 9 May 2024 that Mr. Tang Hongqiu, the company's holding shareholder and chairman, pledged 6,600,000 shares of equity, representing approximately 1.75% of its total direct shareholding, to Shek Tung Branch of Chongqing Rural Commercial Bank Co., Ltd. The pledge was used to provide a financing loan of RMB 51,000,000 for Hongqiu Fruit. As of the date of the announcement, Mr. Tang's accumulated outstanding shares represent 7.82% of the total issued shares of the Company. CHONGQING RURAL COMMERCIAL BANK SHIZHU BRANCH ACTS AS AN INDEPENDENT THIRD PARTY FOR HUNG JIU FRUIT AND ITS AFFILIATES. The announcement of this subordinated share is as required by section 13.17 of the Listing Rules of the Stock Exchange of Hong Kong Stock Exchange Limited.