Gotion High-Tech: Actual controller Li Zhen releases 10 million pledged shares

NBD AI Bulletin - Gotion High-Tech ("the Company", SZ 002074, closing price: 29.49 yuan) announced on the evening of November 26 that the Company's actual controller Mr. Li Zhen on November 25, 2020 released 10 million pledged shares, accounting for 7.42% of his holdings. As at the date of this announcement, the company's shareholder Zhuhai Guoxuan Trading has accumulatively pledged around 95.9 million shares, accounting for 49.02% of its holdings. Li Zhen has accumulatively pledged about 60.14 million shares, accounting for 44.6% of his holdings.

The semi-annual report shows that Gotion High-Tech mainly engages in battery, transmission and distribution and control equipment manufacturing, accounting for 92.55%, 4.82% of its revenue, respectively.

Gotion High-Tech's general manager and chairman is Li Zhen, male, 56 years old, Chinese national, EMBA at Cheung Kong Graduate School of Business.

Tips on "Stock Trends":

1. The number of shares held by northbound investors in the Company increased by 7.5633 million in the past 30 days, representing 0.65% of the Company's circulating shares.

2. There was no institutional research on the Company in the past 30 days.

(By Lan Suying)

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