Qiangfang Technology's controlling shareholder and concerted actor lift pledge on 33.07 million shares, accounting for 2.09% of total share capital

MaticHoleFiller · 2026-03-23T11:23:24+00:00

Log in to Sina Finance APP and search for [Information Disclosure] to view more assessment ratings.Beijing Qiangfang Technology Co., Ltd. (Securities Code: 002373, Securities Abbreviation: Qiangfang Technology) announced on March 19, 2026 that the company's controlling shareholder and actual controller, Mr. Xia Shudong, and his concert party Beijing Qiangfang Group Co., Ltd., have recently lifted the pledge on certain shares. The total number of shares with pledges released in this transaction reached 33.07 million shares, representing 2.09% of the company's total share capital.According to the announcement, Mr. Xia Shudong released pledges in two batches of 16.45 million shares and 6.62 million shares respectively, totaling 23.07 million shares, representing 9.62% of his personal shareholding ratio.

MaticHoleFiller

2026-03-23 11:23:24

Beijing Qianfang Technology Co., Ltd. (Stock Code: 002373, Stock Abbreviation: Qianfang Technology) announced on March 19, 2026, that the company’s controlling shareholder and actual controller, Mr. Xia Shudong, along with his concerted action partners, Beijing Qianfang Group Co., Ltd., recently解除部分股份质押. The total number of shares解除质押 this time is 33.07 million, accounting for 2.09% of the company’s total share capital.

The announcement shows that Mr. Xia Shudong解除质押 in two transactions,分别为16.45 million and 6.62 million shares, totaling 23.07 million shares, representing 9.62% of his personal holdings and 1.46% of the company’s total share capital. The pledgee is Guotai Haitong Securities Co., Ltd., with解除日期 on March 16, 2026. Beijing Qianfang Group Co., Ltd. also解除质押 10 million shares,占其持股比例 11.20%,占公司总股本 0.63%, with pledgee Zhongxin Trust Co., Ltd.,解除日期 on March 17, 2026.

Shareholder Name	Is controlling shareholder and concerted action person	Number of shares解除质押 this time (shares)	Proportion of shares held	Proportion of total share capital	Start date	解除日期	Pledgee
Xia Shudong	Yes	16,450,000	6.86%	1.04%	2025-01-21	2026-03-16	Guotai Haitong Securities Co., Ltd.
Xia Shudong	Yes	6,620,000	2.76%	0.42%	2025-01-21	2026-03-16	Guotai Haitong Securities Co., Ltd.
Xia Shudong Subtotal	Yes	23,070,000	9.62%	1.46%	–	–	–
Beijing Qianfang Group Co., Ltd.	Yes	10,000,000	11.20%	0.63%	2024-09-10	2026-03-17	Zhongxin Trust Co., Ltd.
Beijing Qianfang Group Subtotal	Yes	10,000,000	11.20%	0.63%	–	–	–
Total	–	33,070,000	10.05%	2.09%	–	–	–

As of the disclosure date of this announcement, Xia Shudong and his concerted action persons hold a total of 345,302,218 shares, accounting for 21.85% of the company’s total share capital. After this解除质押, the total pledged shares decreased from 190,990,454 to 157,920,454,占其持股比例 45.73%,占公司总股本 9.99%. Among them, Xia Shudong personally pledged 99,990,000 shares,占其持股比例 41.72%; Beijing Qianfang Group pledged 41,600,454 shares,占其持股比例 46.60%; Xia Shufeng pledged 16,330,000 shares,占其持股比例 99.98%.

Shareholder Name	Number of shares held	Shareholding ratio	Pledged shares before this change	Pledged shares after this change	Proportion of pledged shares	Proportion of total share capital	Quantity of shares under restrictions and freezes	Proportion of pledged shares under restrictions and freezes	Quantity of unpledged shares under restrictions and freezes	Proportion of unpledged shares under restrictions and freezes
Xia Shudong	239,692,806	15.17%	123,060,000	99,990,000	41.72%	6.33%	77,700,000	77.71%	102,069,604	73.06%
Beijing Qianfang Group Co., Ltd.	89,275,576	5.65%	51,600,454	41,600,454	46.60%	2.63%	0	0.00%	0	0.00%
Xia Shufeng	16,333,836	1.03%	16,330,000	16,330,000	99.98%	1.03%	12,250,377	75.02%	0	0.00%
Total	345,302,218	21.85%	190,990,454	157,920,454	45.73%	9.99%	89,950,377	56.96%	102,069,604	54.47%

The announcement also discloses the upcoming maturity of pledged shares by controlling shareholders and their concerted action persons. Within the next six months, 74.25 million shares will mature, corresponding to a financing balance of 249 million yuan; within one year, 157.92 million shares will mature, corresponding to a financing balance of 527.22 million yuan. The company states that the controlling shareholder and its concerted action persons have good credit standing and sufficient repayment capacity, with repayment funds sourced from their own or self-raised funds. The pledge risks are within controllable limits.

Shareholder Name	Number of shares held	Shareholding ratio	Pledged shares due within six months	Pledged shares due within one year	Pledged shares cumulative quantity	Proportion of pledged shares due within six months	Proportion of total share capital	Corresponding financing balance	Pledged shares due within one year	Proportion of pledged shares due within one year	Corresponding financing balance
Xia Shudong	239,692,806	15.17%	44,350,000	199,000,000	99,990,000	18.50%	2.81%	427,320,000	41,600,454	46.60%	99,900,000
Beijing Qianfang Group Co., Ltd.	89,275,576	5.65%	29,900,454	50,000,000	41,600,454	33.49%	1.89%	99,900,000	16,330,000	99.98%	0
Xia Shufeng	16,333,836	1.03%	0	16,330,000	16,330,000	0.00%	0.00%	0	0	0.00%	0
Total	345,302,218	21.85%	74,250,454	249,000,000	157,920,454	21.50%	4.70%	527,220,000	157,920,454	45.73%	527,220,000

The company emphasizes that the pledge of shares by controlling shareholders and their concerted action persons is unrelated to the company’s production and operation needs, and there are no cases of non-operational funds occupation, illegal guarantees, or related-party transactions harming the company’s interests. Currently pledged shares are not at risk of margin calls or forced transfer. This解除质押 does not affect the company’s production, operation, or governance, nor does it involve performance compensation obligations, and will not change the company’s actual control. If margin call risks arise in the future, relevant shareholders will take measures such as early repayment or additional pledges and will fulfill disclosure obligations promptly.

Qianfang Technology states it will continue to monitor pledge situations and risks, strictly comply with relevant regulations, fulfill disclosure obligations in a timely manner, and reminds investors to be aware of investment risks.

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