Willi announced that Changzhou Deze Industrial Investment Co., Ltd., the controlling shareholder of the company, pledged 9.7 million shares of the company on November 10, 2026, accounting for 4.41% of its shares and 1.02% of the company's total share capital. The pledge was Jiangsu Credit Insurance Changzhou Hi-Tech Credit Finance Guarantee Co., Ltd., and the purpose of the pledge was to repay early pledged financing loans. After this pledge, Changzhou Deze pledged a total of 101 million shares, accounting for 45.82% of its shares and 10.63% of the company's total share capital. This pledge will not lead to a change in the company's actual control, and there is currently no risk of closing the position.

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