According to Yifan Transmission's announcement, Liu Jincheng, the controlling shareholder of the company, pledged 4.3 million shares of the company to Chongqing International Trust Co., Ltd., accounting for 13.73% of its shares and 4.61% of the company's total share capital. The purpose of the pledge was to supplement working capital. The starting date of the pledge was November 6, 2026, and the expiration date was completed until the registration procedure for cancellation of the pledge was completed. After this pledge, Liu Jincheng pledged a total of 19.468 million shares, accounting for 62.18% of his shares and 20.87% of the company's total share capital. The risk of the pledge is manageable and will not lead to a change in the company's actual control.

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