Wanbangda announced that Wang Piaoyang, the controlling shareholder of the company, pledged 26.45 million shares of the company to Huaxi Securities Co., Ltd. on September 4, 2026, accounting for 9.61% of its shares and 3.16% of the company's total share capital. The use of the pledge was equity investment, and the pledged shares were locked up by executives. After this pledge, Wang Piaoyang pledged a total of 53.75 million shares, accounting for 19.53% of his shares and 6.42% of the company's total share capital. This stock pledge will not affect the company's production and operation, corporate governance, etc., and there is currently no risk of liquidation or forced transfer of pledged shares.

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