Jiangsu sunshine (600220.SH) announced that in December 25, 2019, the company received a notice from the controlling shareholder of the joint action of Chen Li Fen about the lifting of the equity pledge. Chen Lifen will pledge to the Wuxi rural commercial bank Jiangyin branch of the company's 70 million tradable shares, which account for 3.93% of the total share capital of the company. In December 24, 2019, the relevant procedures were lifted in the China Securities Depository and Clearing Co., Ltd. Shanghai branch.

As of the announcement date, the sunshine group and its concerted action Chen Lifen, Yu Qinfen and Sun Ningling jointly held about 562 million 100 thousand shares of the company, accounting for 31.52% of the total share capital of the company and 444 million 330 thousand shares of the Pledged Shares, accounting for 79.05% of the total shares held by the company, accounting for 24.92% of the total share capital of the company.