Xincheng Holdings announced that Fuyu Development Group Co., Ltd., the controlling shareholder of the company, released the pledge of 61.53 million shares of the company on October 9, 2026, accounting for 4.47% of its shares and 2.73% of the company's total share capital. After this dissolution, Fuyu Development held 1,378 million shares of the company, accounting for 61.09% of the total share capital; it pledged 274 million shares, accounting for 19.91% of its holdings and 12.17% of the company's total share capital. The dissolved shares are intended to be used for subsequent pledges.

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