*ST Spring Day Controlling Shareholder Completes Unpledging of 5.06 Million Shares and Re-pledges 5.50 Million Shares; Cumulative Pledge Ratio Reaches 24.56%

MaticHoleFiller

2026-03-25 23:23:01

Abstract generation in progress

Qinghai Spring Pharmaceutical Resources Technology Co., Ltd. (Stock code: 600381,简称: *ST Spring (Rights Protection)) announced on March 19 that the company’s controlling shareholder, Tibet Rong’en Technology Co., Ltd. (hereinafter referred to as “Tibet Rong’en”), recently completed some share pledge releases and re-pledges. After this transaction, Tibet Rong’en and its concerted actors have pledged a total of 24.56% of the company’s total share capital.

The announcement shows that Tibet Rong’en解除质押了506 million unrestricted circulating shares on March 17, 2026, accounting for 2.68% of its holdings and 0.86% of the company’s total share capital. After the release, Tibet Rong’en immediately re-pledged 5.5 million shares (accounting for 2.92% of its holdings and 0.94% of the total share capital) to Qinghai Bank Co., Ltd., with a pledge period from March 18, 2026, to March 17, 2027, for “providing guarantees.”

As of the disclosure date, Tibet Rong’en held 188.61552 million shares of *ST Spring, accounting for 32.13% of the total share capital, with a total pledge of 114.06 million shares, representing a pledge ratio of 60.47%. Its concerted actor Xiao Rong held 56.76279 million shares, accounting for 9.67%, with a total pledge of 30.14 million shares, pledge ratio of 53.10%. Together, they hold 245.378 million shares (41.80% of the total share capital), with a total pledge of 144.20 million shares, and an overall pledge ratio of 58.77%.

Shareholder Name	Shares Held	Shareholding Ratio	Pledged Shares	Pledge to Shareholding Ratio	Pledge to Total Capital Ratio
Tibet Rong’en	188,615,194 shares	32.13%	114.06 million shares	60.47%	19.43%
Xiao Rong	56,762,789 shares	9.67%	30.14 million shares	53.10%	5.13%
Total	245,377,983 shares	41.80%	144.20 million shares	58.77%	24.56%

It is noteworthy that Tibet Rong’en and its concerted actors have 143.76 million pledged shares due to mature within one year, including Tibet Rong’en’s 113.62 million shares (corresponding to a financing amount of 470 million yuan) and Xiao Rong’s 30.14 million shares, all maturing on June 21, 2026. This pledged share portion accounts for 24.48% of the company’s total share capital.

The company emphasizes that this share pledge will not affect the company’s main business, governance structure, or ongoing operational capabilities, nor will it lead to a change in control. Tibet Rong’en does not have any non-operational capital occupation or illegal guarantees that harm the interests of the listed company. The company will continue to monitor the pledge status of the controlling shareholder and strictly fulfill information disclosure obligations.

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Editor: Xiao Lang Kuai Bao

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