Summary by Moomoo AI
Chongqing Hongqiu Fruit Products Co., Ltd. (“Hongqiu Fruit Products”) announced on 21 April 2024 that Mr. Tang Hongqiu, the Company's Holding Shareholder, Chairman and Executive Director, has pledged 60,450,000 shares of its equity stake, representing approximately 16.00% of its total direct shareholding, to the person offered by Chongqing Sanxia Bank as a partner to the Company Collateral of the RMB 298,920,000 financing loan. The pledged shares represent approximately 3.76% of the total number of shares issued in Hung Kui Fruit. According to the announcement, Chongqing Sanxia Bank is an independent third party to the Company and its affiliates. The announcement of such vested shares was issued on 22 April 2024 by Mr. Tang Hongqiu's representative to the Board of Directors.