Saiteng Co., Ltd. announced that Sun Feng, the controlling shareholder of the company, pledged 7.4 million shares of the company on October 22, 2026, accounting for 11.31% of its direct shareholding ratio and 2.10% of the company's total share capital. The pledge was China Galaxy Securities Co., Ltd., and the pledge financing funds were used for equity investments, and the pledge maturity date was October 20, 2028. As of the disclosure date of the announcement, Sun Feng directly held 654.331,000 shares of the company, accounting for 18.56% of the total share capital; he pledged a total of 14.1836 million shares, accounting for 21.68% of its shareholding ratio and 4.02% of the total share capital. Due to the divorce between Sun Feng and Zeng Hui, the company's control may change, and the two parties are currently negotiating follow-up arrangements.

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