Rongan Property Co.Ltd(000517) the controlling shareholder lifted the pledge of 197 million shares and pledged another 142 million shares

On January 19, Rongan Property Co.Ltd(000517) (hereinafter referred to as " Rongan Property Co.Ltd(000517) ") announced that the company's controlling shareholder Rong'an Group Co., Ltd. (hereinafter referred to as "Rong'an group") released the pledge of 197 million shares and pledged 142 million shares again.

According to the announcement, Rong'an group released 66 million shares pledged to Industrial Bank Co.Ltd(601166) Ningbo Branch on January 17, accounting for 2.07% of the total share capital of Rongan Property Co.Ltd(000517) , and released 131 million shares pledged to Ningbo Branch of Chouzhou bank, accounting for 4.11% of the total share capital of Rongan Property Co.Ltd(000517) ; Meanwhile, Rong'an Group pledged about 142 million shares to Ningbo Branch of Chouzhou bank on January 18, accounting for 4.46% of the total share capital of Rongan Property Co.Ltd(000517) .

Up to now, Rong'an group and its concerted actor Wang Jiufang have held Rongan Property Co.Ltd(000517) 2439 million shares, with a shareholding ratio of 76.62%; A total of Rongan Property Co.Ltd(000517) 1112 million shares were pledged, accounting for 45.59% of its shares and 34.93% of the total share capital of Rongan Property Co.Ltd(000517) .

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