Jinhe Commercial Management announced that Jinhe Group, the controlling shareholder of the company, holds 274 million shares of the company, accounting for 58.00% of the company's total share capital. On October 19, 2026, Jinhe Group dismissed a total of 29.5 million shares pledged, accounting for 10.76% of its shares and 6.24% of the company's total share capital. After the pledge was lifted, Jinhe Group pledged a total of 60 million shares, accounting for 21.89% of its shareholding volume and 12.70% of the company's total share capital. The pledge risk is manageable, and there is no risk of forced liquidation or forced transfer.

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