Jiangsu Hongtian: Partial share pledged by controlling shareholder and released, with cumulative pledge ratio of 76.13%.

Jiangsu Hongtian announced that its controlling shareholder, Koyun New Materials, holds 28.00% of the company's shares and recently conducted some share pledge and release transactions. They pledged 12,558,300 shares, accounting for 21.56% of their holdings and 6.04% of the total share capital, for the purpose of refinancing the pledged stocks of Hongta Securities; The pledge will be released on December 25, 2025 with the same proportion. As of the disclosure date of the announcement, Koyun New Materials has pledged a total of 44,335,300 shares, accounting for 76.13% of their holdings and 21.32% of the total share capital. The corresponding financing balance for the pledged shares due in the next six months and one year is 2.295 billion yuan and 3.015 billion yuan respectively, with controllable risks.