*ST Spring announced that Xiao Rong, the actual controller of the company, held 56,762,789 shares of the company, accounting for 9.67% of the total share capital. Recently, Xiao Rong lifted the pledge of 30.14 million shares, and pledged 8.58 million shares and 21.56 million shares on July 29 and 31, respectively, to guarantee Tibet Rongen Finance. As of the disclosure date, Tibet's Rongen and his co-actor Xiao Rong held a total of 245,377,983 shares, accounting for 41.80% of the total share capital, and pledged 173.2 million shares, accounting for 70.58% of its holdings and 29.50% of its total share capital. This pledge will not affect the operation and control of the company.

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