Montagut Clothing: Shareholder Qiu Jianqiang has released the pledge of 65 million shares and pledged 66.5 million shares.

Forest Horse Clothing announced that recently, shareholder Qiu Jianqiang partially lifted the pledge and pledged some of their shares. Qiu Jianqiang released a pledge of 65 million shares, accounting for 18.08% of the shares held, and 2.41% of the total share capital; pledged 66.5 million shares, accounting for 18.50% of the shares held, and 2.47% of the total share capital, with the pledge being for personal needs. As of the disclosure date of the announcement, Qiu Jianqiang has accumulated a total pledge of 138 million shares, accounting for 38.47% of the shares held, and 5.13% of the total share capital. The above-mentioned shareholder has good credit, the pledge risk is controllable, will not have a significant impact on the company, and will not result in a change in control.