According to Hongrun Construction's announcement, Zhejiang Hongrun Holdings Co., Ltd., the controlling shareholder of the company, completed the cancellation of the pledge and re-pledge registration of 25 million shares on October 9, 2026. This portion of the shares accounted for 6.63% of its shares and 2.02% of the company's total share capital. The pledgers were all Ping An Bank Co., Ltd. Ningbo Branch. The purpose of this re-pledge was for financing needs. As of the disclosure date of the announcement, Hongrun Holdings held 377 million shares, with a shareholding ratio of 30.48%, and a total of 183 million shares pledged, accounting for 48.62% of its shares and 14.82% of the company's total share capital. There is no risk of liquidation of the pledged shares and will not lead to a change in the actual control of the company.

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