On November 4, Bank of Lanzhou Co., Ltd. announced that its shareholder, Shengda Group, released the pledge of 68.2 million shares held in the bank on October 30, 2025. These shares accounted for 24.36% of Shengda Group's total holdings and 1.20% of the bank's total share capital. The pledgee was Bank of Communications, Gansu Branch.
On November 3, Shengda Group re-pledged the same 68.2 million shares to the bank as restricted shares for operational purposes. As of November 3, Shengda Group and its affiliate Shengda Resources held a combined total of 335,772,000 unpledged shares in the bank.
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