Shu Yuping: Controlling shareholder Li Wenjie pledged 2.13% of shares for financing.

Public announcement from Shuyu Pingmin: The controlling shareholder and actual controller Li Wenjie pledged 3.98 million shares and 4.67 million shares on February 3 and February 4, 2026, respectively, totaling 8.65 million shares, accounting for 6.43% of his shareholdings and 2.13% of the company's total share capital. The pledgees are Huang and Xu, with the pledge period lasting until the registration procedures for release of pledge are completed. The pledge is for personal financing purposes. As of February 4, 2026, Li Wenjie holds 135 million shares, accounting for 33.16%, with a total of 52.86 million shares pledged, accounting for 39.30% of his shareholdings and 13.03% of the company's total share capital.