Ninestar Corporation: Controlling shareholder Seine Technology releases 8.64 mln pledged shares

NBD AI Bulletin,Ninestar Corporation (the Company, SZ 002180, closing price: 32.91 yuan) announced on June 30 that its controlling shareholder Zhuhai Seine Technology Co., Ltd. ("Seine Technology"), released 8.64 million shares (1.92% of its holdings in the Company) originally pledged to the Pacific Securities on June 29, 2020.

As of the date of this announcement, Seine Technologies holds approximately 450 million shares, accounting for 42.32% of the Company's total share capital. After the share release, Seine Technology holds a total of about 207 million shares that were pledged, accounting for 46.06% of its holdings in the Company and 19.5% of the Company's total share capital.

According to the 2019 annual report, Ninestar Corporation mainly engages in manufacturing and services, accounting for 92.95% and 7.05% of its revenue, respectively.

Ninestar Corporation's chairman is Wang Dongying, male, 54 years old, Chinese national, undergraduate degree. Ninestar Corporation's general manager is Yan Wei, male, 60 years old, Chinese national, undergraduate degree.

(By Tan Yuhan)

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