Jinyi Technology announced that the controlling shareholder Minxing Electronics recently pledged 1 million shares, accounting for 3.27% of its shares and 0.57% of the company's total share capital. The use of the pledge is for its own capital requirements. As of the disclosure date of the announcement, Minxing Electronics and its co-actors have pledged a total of 17.94 million shares, accounting for 47.61% of its shares and 10.14% of the company's total share capital. This pledge will not lead to a change in the company's actual control, and the risk of the pledge is manageable.

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