According to the Antarctic e-commerce announcement, Zhang Yuxiang, the controlling shareholder and actual controller of the company, pledged 130 million shares of the company on September 8, 2026, accounting for 21.24% of its shares and 5.30% of the company's total share capital. The pledge was Bank of Communications Co., Ltd. Suzhou Yangtze River Delta Integrated Demonstration Branch. The use of the pledge was a financing guarantee and partial stock repayment pledge. After this pledge, Zhang Yuxiang pledged a total of 433 million shares, accounting for 70.66% of his shares and 17.62% of the company's total share capital. Zhang Yuxiang and his co-actors will all pledge 118 million shares to expire within the next six months or one year, corresponding to a financing balance of 140 million yuan. The pledge risk is manageable and will not lead to a change in the company's actual control.

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