The Hongjiu Fruit (06689) announced that the company has learned that the controlling shareholder, chairman/executive director, Mr. Deng Hongjiu (Mr. Deng) has pledged 13.2 million shares of the company's non-publicly traded shares on July 25, 2024. This is equivalent to approximately 3.49% of the total number of shares directly held by Mr. Deng in the company, and serves as collateral for the RMB 0.11 billion bank credit provided by Bank of Chengdu Chongqing Branch (the lender) to the company. As of the date of this announcement, Mr. Deng has pledged a total of approximately 13.40% of the total number of issued shares of the company.

In addition, the company's shares will continue to be suspended.