Oriental Shenghong announced that the controlling shareholder Shenghong Technology plans to issue exchangeable corporate bonds privately and has received a letter of no objection from the Shenzhen Stock Exchange. On December 11, Shenghong Technology pledged 540 million shares to Huatai United Securities to guarantee exchangeable bondholders' exchange of shares and payment of principal and interest. As of the disclosure date of the announcement, Shenghong Technology and its co-actors have pledged 686 million shares, accounting for 17.26% of its total shareholding and 10.38% of the company's total share capital. This pledge did not infringe on the company's interests, did not risk forced liquidation, and did not affect the company's control, production and operation.

Oriental Shenghong announced that the controlling shareholder Shenghong Technology plans to issue exchangeable corporate bonds privately and has received a letter of no objection from the Shenzhen Stock Exchange. On December 11, Shenghong Technology pledged 540 million shares to Huatai United Securities to guarantee exchangeable bondholders' exchange of shares and payment of principal and interest. As of the disclosure date of the announcement, Shenghong Technology and its co-actors have pledged 686 million shares, accounting for 17.26% of its total shareholding and 10.38% of the company's total share capital. This pledge did not infringe on the company's interests, did not risk forced liquidation, and did not affect the company's control, production and operation.