Zhang Xiaoquan: The judicial freeze of 9.87 million shares held by shareholders with more than 5% equity has been lifted.

Zhang Xiaoquan announced that on May 13, 2026, the 987,000 shares of the company held by the shareholder Zhang Xiaoquan Group, who owns more than 5% of the company, were released from judicial freeze, accounting for 22.41% of the shares held by him and 6.52% of the company's total share capital after excluding repurchased shares. As of the disclosure date of the announcement, the shares held by this shareholder had not been cumulatively frozen or queued for freezing. This release was due to the application of the administrator of the substantial merger and reorganization case of Fuchun Holdings and its affiliated companies. At present, the company has no controlling shareholder or actual controller, and production and operation are normal. The implementation of the reorganization may result in adjustments to the company's equity held by related parties.