According to the Yanjiang Co., Ltd. announcement, Xie Jihua, the controlling shareholder and one of the actual controllers of the company, pledged 13 million shares of the company to Cathay Pacific Haitong Securities Co., Ltd. for debt investment. The pledge commencement date is September 16, 2026, and the pledge maturity date is September 16, 2027. The pledged shares accounted for 18.05% of Xie Jihua's shares, 3.91% of the company's total share capital, and 7.48% of the total number of shares held by the controlling shareholders, actual controllers, and their co-actors. This pledge financing has nothing to do with the company's production and operation, there is no risk of liquidation, and it will not affect the company's governance.

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