Huamao shares (000850) announced that according to the company's actual capital requirements and operating conditions, the general manager's office decided to agree that the company would pledge some of the Guotai Junan stock, and the financing amount would be 100 million yuan.

In March 18, 2020, the company mortgaged 12 million 200 thousand shares of the Guotai Junan unlimited sale stock to the Anqing branch of Xingye Bank (601166, stock bar). The duration of the pledge is two years from the date of the registration of equity pledge (March 18, 2020). In March 18, 2020, the company passed the securities pledge registration process through the securities company in China securities registration and settlement Shanghai branch. The pledge will receive a financing amount of 100 million yuan. The company will apply for the payment of funds to the Anqing branch of the Industrial Bank during the above-mentioned period according to the actual production and operation needs.

Up to now, the company holds 67 million 600 thousand shares of Guotai Junan's unlimited tradable shares, accounting for 0.76% of the registered capital of the company, of which 37 million 200 thousand shares are used for stock pledge, accounting for 0.42% of the total capital stock of Guotai Junan.