According to Longpan Technology's announcement, Shi Junfeng, the controlling shareholder and actual controller of the company, pledged 25 million unrestricted tradable shares to Bohai International Trust Co., Ltd. The relevant pledge procedures have been completed. The starting date of the pledge is October 30, 2026, and the use of the pledge is for personal financing needs. After this pledge, Shi Junfeng pledged a total of 55 million shares of the company, accounting for 25.86% of its total shareholding and 6.95% of the company's total share capital; Shi Junfeng and his co-actors pledged 55 million shares, accounting for 23.09% of their total holdings and 6.95% of the company's total share capital. The risk of this pledge is manageable and will not lead to a change in the company's actual control.

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