Leon Wei announced that Wang Minwen, the controlling shareholder of the company, completed the equity pledge procedure on November 3, 2026, and pledged 25 million tradable shares with unlimited sales conditions to Tibet Trust, accounting for 24.22% of the company's shares and 3.24% of the company's total share capital. The purpose of pledge financing was to return loans from other financial institutions, and the pledge maturity date was November 5, 2027. After this pledge, Wang Minwen pledged a total of 49 million shares, accounting for 41.58% of his shares and 6.35% of the company's total share capital.

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