Shanghai Xinyang announced that the company recently received a notice from Shanghai Xinke Investment Co., Ltd., a shareholder holding more than 5% of the shares, and learned that some of the company's shares held by it had applied for an extension of the pledge. As of the disclosure date of the announcement, Shanghai Xinke and its co-actors held a total of 104 million shares, accounting for 33.27% of the company's total share capital; after this pledge extension, they pledged a total of 7.71 million shares, accounting for 7.40% of their total holdings and 2.46% of the company's total share capital. The above share pledges do not bear performance compensation obligations such as major asset restructuring.

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