Befar Group Co., Ltd. (601678) has announced that its largest shareholder, Binzhou Heyi Industrial Investment Partnership (Limited Partnership) (referred to as "Heyi Investment"), has completed the early release of a portion of its pledged shares.

According to the company's recent disclosure, this release involves a total of 24 million shares, which were previously pledged as collateral. The move comes as part of the shareholder's ongoing management of its financing arrangements.

The early termination of the pledge reduces the overall pledged share count held by Heyi Investment, signaling a potential easing of financial obligations tied to its stake in the chemical company.