Summary by Futu AI
Chongqing Hongqiu Fruit Products Co., Ltd. (“Hongqiu Fruit Products”) announced on 15 May 2024 that Mr. Tang Hongqiu, the company's holding shareholder and chairman, pledged approximately 6.83% of the company's direct shareholding, totaling 25,800,000 shares, as 1,200,000,000 shares to its subsidiary Tiancheng Jiu International Trading Co., Ltd. Baht financing loans are pledged to Bank of China (Thailand) Co., Ltd. Following this subordination, Mr. Tang's cumulative pledged shares represent approximately 9.43% of the total issued shares of the Company. Pursuant to Section 13.17 of the Securities Listing Rules of Hong Kong Stock Exchange Limited, the Company has made this announcement. Bank of China (Thailand) Limited is an independent third party to Hongqiu Fruit and its affiliates.