The company has debts. Is it feasible to pledge the equity to other companies? Do you still have to bear the debt after the equity pledge? Thank you.

2. Pledge is a security interest for debt repayment, and the debt still needs to be repaid.

3. When the due debt cannot be repaid, the pledgee can dispose of the equity and get the priority to pay off.

4. If the creditor can't pay off the debt after disposing of the pledge, the creditor can continue to pursue it.