Summary by Futu AI
Chongqing Hongjiu Fruit Co., Ltd. ('Hongjiu Fruit') announced on July 8, 2024 that Mr. Deng Hongjiu, the controlling shareholder and chairman of the company, had pledged approximately 5.59% of the company's domestic shares, or 21,120,000 shares, to the Chongqing branch of the Industrial Bank as collateral for three loans totaling RMB 159,000,000 provided to the company. After this pledge, Mr. Deng has pledged approximately 12.57% of the total issued shares of the company. The Chongqing branch of the Industrial Bank is an independent third party for the company and its affiliates. This news follows the company's multiple announcements of the controlling shareholder's share pledges from April to June 2024.