Zhixing Financial News, Putian Food (01699) announced that as of the date of this announcement, following the appointment of the administrator, in exercising its rights, the appointed person sold pledged shares to other third-party buyers. If any buyer and persons acting in concert with it acquire 30% or more of the company's voting rights, the relevant sale may trigger a mandatory general offer under the Takeover Code. As of the date of this announcement, apart from the above, the company has not received any messages or further progress information regarding the pledged shares.