According to the Zhitong Finance App, Fangzheng Technology (600601.SH) issued an announcement. On November 30, 2023, the company received a notice from the controlling shareholder Huanxin Fangke's concerted activist, Shenghong Technology, and learned that all of the company's unrestricted tradable shares it would hold had been pledged. It has now pledged 229 million shares, accounting for 100% of its shares, accounting for 5.49% of its total share capital.