Risesun Real Estate Development Co.Ltd(002146) the controlling shareholder lifted the pledge of 210 million shares, accounting for about 4.82% of the total share capital

On January 11, Risesun Real Estate Development Co.Ltd(002146) (hereinafter referred to as ” Risesun Real Estate Development Co.Ltd(002146) “) announced that its controlling shareholder Rongsheng Holding Co., Ltd. (hereinafter referred to as “Rongsheng holding”) released its pledge of about 210 million shares of the company, accounting for about 13.53% of its shares and about 4.82% of the total share capital of Risesun Real Estate Development Co.Ltd(002146) . The pledgee is China Minsheng Trust Co., Ltd.

According to the announcement, as of January 11, Rongsheng holdings and its persons acting in concert had pledged and established trusts for about 1.351 billion shares of Risesun Real Estate Development Co.Ltd(002146) shares, accounting for about 49% of its shares and about 31.06% of the total share capital of Risesun Real Estate Development Co.Ltd(002146) .

It is reported that on January 5, Risesun Real Estate Development Co.Ltd(002146) issued an announcement on the release of the pledge of some shares of the controlling shareholder. At that time, the total number of shares released was 100 million, accounting for 6.45% of its shares and 2.3% of the total share capital of Risesun Real Estate Development Co.Ltd(002146) . The pledgee was Shenzhen Dongli Construction Engineering Co., Ltd.

(source: Beijing News)

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