ST Spring announced that its controlling shareholder Tibet Rong'en has released the pledge on 29 million shares, representing 11.43% of its holdings and 15.38% of the company's total share capital. Following this release, Tibet Rong'en's cumulative pledged shares stand at 114 million shares, accounting for 60.47% of its total holdings and 19.43% of the company's total share capital. In the first quarter of 2026, ST Spring recorded revenue of 43.8 million yuan and a net loss attributable to the parent company of 16.28 million yuan.
Qinghai Spring Medicinal Resources Technology Co LtdControlling shareholder releases pledge on 29 million shares, reducing pledged portion but still high; company reports Q1 loss.
