According to Kejingyuan's announcement, Zhang Rumin, the actual controller of the company, completed the release of part of the share pledge and re-pledge business on October 20, 2026:3.75 million shares were released, accounting for 80.52% of its shares and 5.47% of the company's total share capital; another 3 million shares were pledged this time, accounting for 64.41% of the company's total share capital, accounting for 4.37% of the company's total share capital. As of the disclosure date of the announcement, the actual controller of the company and its co-actors held a total of 26.576 million shares, accounting for 38.76% of the total share capital, of which 6.33 million shares were pledged, accounting for 23.82% of its shares and 9.23% of the total share capital. There is no risk of liquidation or forced transfer, which will not lead to a change in the actual control of the company.

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