Zhejiang Resources (600070): 4 Million 100 Thousand Shares Of Fu Run Holding Group

600070.SH announces that the company has notified the controlling shareholder of Fu run Holdings Limited that the company completed the securities pledge registration business in China Securities Depository and Clearing Co., Ltd. in August 23, 2019, and mortgaged the shares of its holding company to a total of 4 million 100 thousand shares to the Shaoxing branch of the Hangzhou bank in Zhejiang.

As of the announcement date, Fu run Holdings Limited holds 101 million 273 thousand and 442 shares of the company, all of which are tradable shares of unlimited sale, accounting for 19.4030% of the total share capital of the company. After the pledge of shares, the total number of shares pledged by Fu run Holdings Group Limited was 57 million 610 thousand shares, accounting for 56.8856% of its total shareholding, accounting for 11.0375% of the total share capital of the company.