Huakai Ebai announced that Luo Chun, the shareholder of the company, pledged 7.2 million shares of the company. The pledge was China Merchants Securities Co., Ltd., and the purpose of the pledge was capital requirements. The starting date of the pledge was October 20, 2026, and the expiration date was until the date the pledge cancellation registration procedure was processed. The shares pledged this time account for 44.24% of Luo Chun's shares and 1.84% of the company's total share capital. They are not supplementary pledges, and are not used as guarantees for major asset restructuring performance compensation, etc. After this pledge, Luo Chun and his co-actors pledged a total of 10.87 million shares, accounting for 12.95% of the shares held and 2.78% of the company's total share capital. Luo Chun and his collaborators have good credit, and there is no risk of liquidation or forced transfer of the pledged shares.

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