According to the Genesis announcement, Xia Jun, the controlling shareholder and actual controller of the company, recently pledged 102 million shares, accounting for 44.69% of its shares and 6.10% of the company's total share capital. The pledgers were CITIC Securities and China Galaxy Securities, all for personal capital requirements. As of the disclosure date of the announcement, Xia Jun and his co-actors had pledged 40.39% of the total company shares, less than 50%. The pledge risk is manageable and will not adversely affect the company.

According to the Genesis announcement, Xia Jun, the controlling shareholder and actual controller of the company, recently pledged 102 million shares, accounting for 44.69% of its shares and 6.10% of the company's total share capital. The pledgers were CITIC Securities and China Galaxy Securities, all for personal capital requirements. As of the disclosure date of the announcement, Xia Jun and his co-actors had pledged 40.39% of the total company shares, less than 50%. The pledge risk is manageable and will not adversely affect the company.