NBD AI Bulletin- UE Furniture (the Company, SH 603600, closing price: 12.86 yuan) announced on the evening of July 15 that UE Holdings released 5 million pledged shares of the Company on July 14, 2020. UE Holdings holds about 77.81 million shares of the Company, accounting for 25.72% of the Company's total shares. After the release of the pledge, UE Holdings has cumulatively pledged 32 million shares of the Company, accounting for 41.12% of its holding or 10.58% of the Company's total shares.

UE Holdings and agents acting in concert Anji Shangcheng Yongsheng Equity Investment Management Co., Ltd., Zhang Jiayong together hold about 148 million shares of the Company, accounting for 49.05% of the Company's total shares. After the release of the pledge, UE Holdings and its agents acting in concert Anji Shangcheng Yongsheng Equity Investment Management Co., Ltd. and Zhang Jiayong accumulatively pledged 53 million shares of the Company, accounting for 35.72% of their holdings, accounting for 17.52% of the Company's total shares.

According to the 2019 Annual Report, UE Furniture mainly engages in furniture manufacturing, other business, accounting for 99.16%,0.27% of its revenue, respectively.

UE Furniture's general manager and chairman is Zhang Jiayong, male, 45 years old, Chinese national, no permanent residence abroad, senior economist, undergraduate degree.

(By Zheng Zhi)

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