After the pledge of the equity, the shareholders lose the right to dispose of the equity, and cannot transfer the equity during the pledge period, but they can transfer it with the consent of the pledgee.
Article 443rd of the Civil Code of People's Republic of China (PRC) * * * Where the pledge of fund shares and stock rights is restricted by the establishment and transfer of the pledge, the pledge shall be established at the time of pledge registration.
After the pledge, the fund share and equity shall not be transferred, except that the pledgor and the pledgee agree through consultation. The pledgor shall pay off the debts in advance to the pledgee or deposit the proceeds from the fund share and equity transfer.