Dragon Magnetic Technology announced that some of Xiong Yonghong's shares, the actual controller and chairman of the company, were pledged, released, and the repurchase of some of the pledged shares was deferred. This time, 950,000 shares were pledged, accounting for 0.80% of the company's total share capital; 2.1 million shares were released, accounting for 1.76%; and the purchase of 750,000 shares was postponed, accounting for 0.63%. As of the disclosure date of the announcement, Xiong Yonghong and his co-actors have pledged a total of 4.6 million shares, accounting for 3.86% of the company's total share capital. There is no risk of liquidation of the pledged shares and will not adversely affect the company.

Dragon Magnetic Technology announced that some of Xiong Yonghong's shares, the actual controller and chairman of the company, were pledged, released, and the repurchase of some of the pledged shares was deferred. This time, 950,000 shares were pledged, accounting for 0.80% of the company's total share capital; 2.1 million shares were released, accounting for 1.76%; and the purchase of 750,000 shares was postponed, accounting for 0.63%. As of the disclosure date of the announcement, Xiong Yonghong and his co-actors have pledged a total of 4.6 million shares, accounting for 3.86% of the company's total share capital. There is no risk of liquidation of the pledged shares and will not adversely affect the company.