Summary by Futu AI
JIANGXI GANFENG LITHIUM GROUP CO., LTD. (“GANFENG LITHIUM INDUSTRY”) ISSUED A NOTICE ON 11 MAY 2024 DISCLOSING THE SOLIDIFICATION AND DEMERTIFICATION OF CERTAIN COMPANY SHARES HELD BY MR. WANG XIAOSHEN. According to the announcement, Wang Xiaoshin pledged 420 million shares on May 8, 2024, with a shareholding ratio of 2.97% and a share capital ratio of the company 0.21%. The pledged shares will be used for personal capital needs and the licensee is Haitong Securities. In addition, Wang Xiaoshin removed a small stake of 0.0001 million shares on May 9, 2024. The Company acknowledges that this equity lien will not affect the Company's production operations and corporate governance and that the pledged shares do not involve performance compensation obligations. As of the date of the announcement, Wang Xiaoshen's pledged shares are not subject to the risk of being closed or subject to forced closure, and the collateral risk is within a manageable range. The Company will continue to monitor the issue of equity securities and make timely disclosures.