According to Wuzhou Special Paper's announcement, Lin Cailing, the controlling shareholder and one of the actual controllers of the company, pledged 9.38 million shares of the company's shares on November 4, 2026, accounting for 16.11% of its holdings and 1.98% of the company's total share capital. The pledge was Zheshang Securities Co., Ltd., and the pledge financing funds were used for stock replacement financing, and the pledge maturity date was November 4, 2027. Lin Cailing did not pledge shares before this pledge. After the pledge, she pledged a total of 9.38 million shares. As of the disclosure date of the announcement, Lam Choi Ling and her co-actors held a total of 380 million shares of the company, accounting for 80.09% of the total share capital, and pledged 66.99 million shares, accounting for 17.63% of their total holdings and 14.12% of the company's total share capital.

According to Wuzhou Special Paper's announcement, Lin Cailing, the controlling shareholder and one of the actual controllers of the company, pledged 9.38 million shares of the company's shares on November 4, 2026, accounting for 16.11% of its holdings and 1.98% of the company's total share capital. The pledge was Zheshang Securities Co., Ltd., and the pledge financing funds were used for stock replacement financing, and the pledge maturity date was November 4, 2027. Lin Cailing did not pledge shares before this pledge. After the pledge, she pledged a total of 9.38 million shares. As of the disclosure date of the announcement, Lam Choi Ling and her co-actors held a total of 380 million shares of the company, accounting for 80.09% of the total share capital, and pledged 66.99 million shares, accounting for 17.63% of their total holdings and 14.12% of the company's total share capital.