Dongbai Group: Controlling shareholder partially released the pledged shares and the pledge.

Dongbai Group announced that the controlling shareholder Fengqi Investment and its concerted action parties Shi Zhangfeng and Shi Xia collectively hold 478,415,399 shares, accounting for 55% of the total share capital. On May 22, Fengqi Investment released the pledge of 37,300,000 shares, accounting for 9% of its holding and 4.29% of the total share capital; on the same day, Fengqi Investment pledged 33,800,000 shares, accounting for 8.15% of its holding and 3.89% of the total share capital. After the pledge release, the above parties collectively pledge 276,200,000 shares, accounting for 57.73% of the total shareholding and 31.75% of the total share capital. In the next six months and one year, the amounts of pledged shares corresponding to the financing of Fengqi Investment and Shi Zhangfeng will be 537 million yuan and 55 million yuan respectively. The repayment funds will mainly come from operating income, investment income, etc., and the pledge risk is controllable.