According to the Asia Pacific Industrial announcement, the company received a notice from the controlling shareholder, Xingrui Technology Co., Ltd., that it will pledge a total of 20.5 million shares of the company, accounting for 27.33% of its shares and 4.23% of the company's total share capital. This pledge extension does not involve additional financing, and the expiration date after the extension is the date of processing the pledge cancellation registration procedure. As of the disclosure date of the announcement, Xingrui Technology's cumulative pledged shares accounted for more than 80% of the company's shares. Currently, there is no risk that the pledged shares will be liquidated or forcibly transferred, and will not have a substantial impact on the company's production, operation, corporate governance, etc.

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