Hua Pengfei announced that Zhang Jingyu, the controlling shareholder and actual controller of the company, completed the share release and pledge procedures on October 21, 2026: the pledge of 5.7 million shares was lifted, accounting for 6.45% of its shares and 1.01% of the company's total share capital; the pledge was 6.27 million shares, accounting for 7.10% of its shares and 1.12% of the company's total share capital. The pledge was for debt repayment. As of the disclosure date of the announcement, Zhang Jingyu and his co-actors held a total of 121 million shares, accounting for 21.45% of the company's total share capital; they pledged 42.47 million shares, accounting for 35.23% of their shares and 7.56% of the company's total share capital. This pledge financing is not used for the production and operation of listed companies, and has no impact on the company's production, operation, and corporate governance.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.