Zhejiang Resources (600070): Controlling Shareholders To Lift Pledge And Pledge 19 Million 500 Thousand Shares Again

600070.SH announced that in June 24, 2019, the company received notice from its controlling shareholder, Fu run Holdings Limited, that the company handled the cancellation of the securities pledge registration business in China Securities Depository and Clearing Co., Ltd. in June 20, 2019 and lifted the original pledge to 19 million 500 thousand shares of the Zhuji branch of the industrial and Commercial Bank of China to cancel the pledge. In June 21st, Fu run Holdings Limited re - pledged the shares to the Zhuji branch of ICBC.

As of the announcement date, Fu run Holdings Limited holds 101 million 273 thousand and 442 shares of the company, all of which are tradable shares of unlimited sale, accounting for 19.40% of the total share capital of the company. The shares were lifted and the quality was postponed. The total number of shares pledged by Fu run Holdings Limited is still 53 million 510 thousand shares, accounting for 52.84% of its total shareholding, accounting for 10.25% of the total share capital of the company.