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Linhai’s controlling shareholder China Fuma pledged 26.1285 million shares for its own production and operation

On July 22, China Fuma Machinery Group Co., Ltd., the controlling shareholder of Linhai Co., Ltd. (stock code: 600099), pledged 26.1285 million shares to SINOMACH Finance Co., Ltd. for its own production and operation.

The pledged shares are 26.1285 million shares, accounting for 28.32% of the company’s shares and 11.92% of the company’s total share capital. The pledge period is from July 21, 2022 to June 4, 2023.

The announcement shows that China Fuma holds a total of 92,256,920 shares in the company, accounting for 42.10% of the company’s total share capital. A total of 46,128,450 shares have been pledged, accounting for 50.00% of the shares held by them and 21.05% of the company’s total share capital.

The company’s 2022 first quarter report shows that the company’s net profit attributable to shareholders of listed companies in the first quarter of 2022 was 2,196,196.21 yuan, an increase of 20.44% over the same period last year.

According to the data of the website, Linhai Co., Ltd. is engaged in the manufacture and sales of special vehicles (all-terrain vehicles), agricultural machinery, fire machinery, motorcycles and other accessories.