Changshan Beiming announced that the controlling shareholder Changshan Group pledged 20 million shares of the company to Cathay Pacific Haitong Securities Co., Ltd. on December 22, 2025. The pledge period is until June 22, 2026, accounting for 4.37% of its shares and 1.25% of the company's total share capital to repay the subsidiary's interest-bearing liabilities. As of the disclosure date, Changshan Group held 457 million shares, accounting for 28.60%, and pledged 20 million shares, accounting for 4.37% of its shares and 1.25% of the company's total share capital.

Changshan Beiming announced that the controlling shareholder Changshan Group pledged 20 million shares of the company to Cathay Pacific Haitong Securities Co., Ltd. on December 22, 2025. The pledge period is until June 22, 2026, accounting for 4.37% of its shares and 1.25% of the company's total share capital to repay the subsidiary's interest-bearing liabilities. As of the disclosure date, Changshan Group held 457 million shares, accounting for 28.60%, and pledged 20 million shares, accounting for 4.37% of its shares and 1.25% of the company's total share capital.