On January 11, 2013, Tiantong shares received the second largest shareholder Tiantong High-tech Group Co., Ltd. (holding 34,488,175 shares of the company, accounting for 5.86% of the company's total share capital, hereinafter referred to as “Tiantong High-techâ€), the shareholder Recently, 11.75 million shares of Tiantong, which were pledged to CITIC Bank Co., Ltd. Hangzhou Branch, were released. The above procedures for the cancellation of the securities pledge registration have been completed at the China Securities Depository and Clearing Co., Ltd. Shanghai Branch.
Up to now, Tiantong Gaoxin holds 23.11 million shares for the pledge in Tiantong.
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