Muyuan shares: Shareholder Muyuan Group released a pledge of 64.2 million shares.

Muyuan Group announced that it has recently received notification from its shareholder Muyuan Group that it will release the pledged 64.2 million shares of the company, accounting for 7.56% of its holding, and 1.18% of the total share capital of the company. The pledgee is the Nanyang Branch of China Citic Bank, with the start date being February 13, 2023, and the release date being November 12, 2025. As of the disclosure date of the announcement, Muyuan Group and its concerted parties have pledged a total of 173 million shares, accounting for 5.74% of their holdings and 3.16% of the total share capital of the company. After the release of the pledge this time, the actual controller and its concerted parties have no substantial funding repayment risk for the remaining pledged shares, and the pledge risk is controllable.