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Hangzhou High-tech: Donghang Group plans to解除 pledge of 1% of shares
Hangzhou High-tech announced that Donghang Group and Julong Weiye signed the “Share Pledge Release Agreement” on April 7, 2026, intending to release their pledge of 1,266,800 shares of Hangzhou High-tech, accounting for 33.33% of their holdings and 1.00% of the company’s total share capital.
This portion of shares was originally pledged to Julong Weiye on September 2, 2025, to guarantee performance commitments and differential compensation obligations under the “Share Transfer Agreement.”
After the release, Donghang Group will still pledge 2,533,700 shares, accounting for 66.67% of their holdings and 2.00% of the company’s total share capital, and both parties will proceed with the release pledge registration with the China Securities Depository and Clearing Corporation.