Henan Yicheng New Energy Co., Ltd. announced that its major shareholder, Kaifeng Development Investment Group Co., Ltd., has released and newly pledged part of its shares. A total of 125,549,100 shares were released from pledge, representing 50% of the shareholder's holdings. The new pledge involves the same number of shares for investment needs. The company assures that this will not materially affect its operations or governance.
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Henan Yicheng New Energy Co., Ltd. (hereinafter referred to as "the Company") recently received a notification from its major shareholder, Kaifeng Development Investment Group Co., Ltd. (hereinafter referred to as "Kaifeng Development"), regarding the release and new pledge of part of its shares. The specific details are announced as follows:
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