Victory Giant Technology (02476) has announced that it has received notification from its controlling shareholder, Shenzhen Shenghua Xinye Investment Co., Ltd. (referred to as "Shenghua Xinye"), regarding its concert party, Mr. Chen Yong. The notification confirms that Mr. Chen has processed the release of a share pledge along with a partial share pledge transaction.

This transaction involves the release of a pledge on 374,000 shares and the new pledge of 890,000 shares.