Jinhong Group announced that the company's controlling shareholders, Wang Zhiqin and Song Yanjun, held a total of 115 million shares of the company, accounting for 33.44% of the company's total share capital. Wang Zhiqin released the pledge of 2.05 million shares, accounting for 39.98% of his shares and 7.25% of the total share capital; Song Yanjun released the pledge of 21.12 million shares, accounting for 39.98% of his shares and 6.12% of the total share capital. The pledge cancellation procedure was completed on September 9, 2026, and the total number of shares pledged by the two was reduced to 0 shares. The above share pledge provided credit for the company's M&A loan. As of June 30, 2026, the balance of the company's M&A loan was 150 million yuan, and the financial institutions agreed to release the collateral due to a sharp drop in the balance. Currently, the two have no plans to re-pledge or reduce their holdings.

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