According to the national enterprise credit information publicity system, Luo Yonghao, the founder of Hammer Technology, has redeemed the equity pledged to Alibaba before. According to the system, on June 27, 2016, Hammer Technology Luo Yonghao pledged his 20538176 shares to Alibaba in exchange for Alibaba's cash. At the same time, according to the national enterprise credit information publicity system, on the third day after the launch of Hammer Technology, the equity and creditor's rights of Hammer Technology have been cancelled, which means that after the launch of Hammer Technology's new products, Luo Yonghao redeemed the previously pledged equity with cash.

Some insiders pointed out that in June this year, Hammer Technology was short of cash flow, and while preparing for the press conference, the production status of the factory should also be taken into account. At the same time, because of financial problems, it was repeatedly reported that Hammer Technology would be merged. From the perspective of this equity redemption, the financial situation of Hammer Technology has been alleviated, which may be due to the confidence of investors and shareholders in the sales of new products.