Zhejiang Fung (600070): Huifeng Venture To Lift Pledge 17 Million 783 Thousand And 100 Shares

Zhejiang 600070.SH announced that in March 2, 2020, the company received a notice from its controlling shareholder, Fung Yun group, a partner of Huifeng venture, that Huifeng venture invested its company's shares in the lifting of the pledge procedure. In February 28, 2020, Huifeng venture invested in the 17 million 783 thousand and 106 shares of Huaneng GUI Cheng Trust Co., Ltd., which lifted the pledge, accounting for 70.44% of its shares, accounting for 3.41% of the total share capital of the company.

The company's controlling shareholder, Fu run group and its co operation partner, Huifeng Venture Capital Co., Ltd. altogether held 127 million shares of the company, accounting for 24.24% of the total share capital of the company. After the lifting of the pledge, the controlling shareholders and their concerted persons accumulated 49 million 100 thousand shares of the pledged company, accounting for 38.81% of their total shareholding, accounting for 9.41% of the total share capital of the company.