On November 15, Concentration Technology announced that it had received a notice from its third largest controlling shareholder, Zhejiang Purdue Technology Co., Ltd., that Purdue Technology pledged 10 million shares of its holdings of Concentration Technology. Zhejiang Tailong Commercial Bank Co., Ltd. Hangzhou Branch, and has passed the registration procedures for equity pledge through China Securities Depository and Clearing Co., Ltd. Shenzhen Branch on November 14.

It is reported that as of November 15, Purdue Technology holds a total of 5,974,600 shares of Concentration Technology, accounting for 13.43% of the total share capital of Concentration Technology. The company pledged 10 million shares, accounting for 16.74% of the total shares held by Purdue Technology, accounting for 2.25% of the total share capital of Concentration Technology; the cumulative pledged shares of 32 million shares, accounting for 53.56 of the total number of shares held by Purdue Technology %, accounting for 7.19% of the total share capital of Concentration Technology.

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