Shengxing Holdings: Controlling shareholder Shengxing Holdings lifts pledge of 36.6 million shares.

Shengxing Holding Announcement: The controlling shareholder Shengxing Holding released 36.6 million shares from pledge on December 17, 2025, accounting for 6.74% of its total holdings and 3.75% of the company's total share capital; on the same day, 7.93 million shares were released from pledge, accounting for 1.46% of its total holdings and 0.81% of the company's total share capital. As of the disclosure date of the announcement, Shengxing Holding has pledged a total of 14.05 million shares, accounting for 2.59% of its total holdings and 1.44% of the company's total share capital.