NBD AI Bulletin - Gotion High-Tech ("the Company", SZ 002074, closing price: 28.66 yuan) announced on the evening of December 4 that it received a notice concerning the partial release of pledged shares and re-pledge of shares from controlling shareholder Nanjing Gou Xuan Holdings. On December 3, Nanjing Guo Xuan Holdings released the pledge of 16 million shares that were originally pledged to CITIC Securities and account for 8.18% of its holdings. On December 1, the controlling shareholder pledged 23 million shares to GF Securities Asset Management (Guangdong) Co., Ltd., accounting for 11.76% of its holdings. 

As at the date of this announcement, controlling shareholder Nanjing Guo Xuan Holdings has accumulatively pledged around 103 million shares, accounting for 52.59% of its holdings. Shareholder 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 586,300 in the past 30 days, representing 0.05% 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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