According to Daodaoquan's announcement, Xingchuang Investment, a shareholder holding 5% or more of the company's shares, released the pledge of 17 million shares on November 4, 2026, accounting for 36.58% of its shares and 4.94% of the company's total share capital. The pledge holder is Cathay Pacific Haitong Securities Co., Ltd. As of the disclosure date of the announcement, Xingchuang Investment held 46.672 million shares, with a shareholding ratio of 13.51%, and pledged 20.5 million shares, accounting for 44.12% of its shares and 5.96% of the company's total share capital. The controlling shareholders of the company and their co-actors have good credit conditions, the risk of pledge is manageable, and there has been no actual change in control.

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