According to Longpan Technology's announcement, Shi Junfeng, the company's shareholder, pledged 30 million shares to defer the repurchase. The repurchase transaction date was extended from May 30, 2024 to February 26, 2027. The pledgee was Cathay Pacific Haitong Co., Ltd., and the capital was used for financing needs. This deferred pledge repurchase was not used as a guarantee or other guarantee for matters such as performance compensation for major asset restructuring. As of the disclosure date of the announcement, Shi Junfeng and his co-actors have pledged a total of 30 million shares, accounting for 12.60% of their total shareholding ratio and 3.79% of the company's total share capital. This stock pledge will not result in a change in the actual control of the company.

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