S.F. Holding Co., Ltd. (06936.HK) announced on Wednesday, April 1, that its controlling shareholder, Shenzhen Mingde Holding, has pledged 10 million A-shares, representing 0.2% of the company's equity, for financing purposes. Following this transaction, the total number of A-shares pledged by Mingde Holding has increased to approximately 860 million, accounting for 17.13% of the equity. Mingde Holding currently holds a 48.85% stake in the company.