Xiaosong Co., Ltd. announced that on August 28, 2026, the company signed a share subscription agreement with effective conditions with the controlling shareholder Jia Sheng Shidai and concerted actor Yan Xi Chuangji. The two each plan to use cash to subscribe for no more than 42.5 million shares of the company's shares in 2026, each accounting for 50% of the issuance limit. According to the maximum issuance limit, the combined shareholding of the two accounts for 27.73% of the total share capital after issuance. Jia Sheng Times is still the controlling shareholder, and Luo Minghua and Liu Lingshuang are still co-actual controllers. As of September 30, 2026, the equity change is subject to review by the company's shareholders' meeting, review by the Shenzhen Stock Exchange, and registration by the Securities Regulatory Commission. During the continuous supervision period, Xu Chi was removed from the position of non-independent director of the company, and the obligor to disclose the information did not break the disclosure promise.

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