Shiyao Jingfeng announced that Ye Xiangwu, the shareholder holding 5% or more of the company's shares, pledged 32.17 million shares on July 28, 2026, accounting for 29.45% of its shares and 1.83% of the company's total share capital. The purpose of the pledge was personal capital requirements. As of the disclosure date of the announcement, Ye Xiangwu had pledged a total of 41.58 million shares, accounting for 38.06% of his shares and 2.36% of the company's total share capital; a total of 587.716 million frozen shares, accounting for 53.79% of his shares and 3.34% of the company's total share capital.

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