Hualan Shares: Controlling Shareholder Releases Pledge on 2.21 Million Company Shares

Hualan Shares announced that its controlling shareholder, Jiangyin Hualan Electromechanical Technology Co., Ltd., completed the procedures for the release of part of its pledged shares on September 23, 2026. The number of shares released from pledge this time was 2.21 million shares, accounting for 4.57% of its holdings and 1.04% of the company's total share capital. As of the disclosure date of the announcement, the controlling shareholder, the actual controller, and their persons acting in concert held a total of 64.9267 million shares, accounting for 30.46% of the company's total share capital, with a cumulative 3.9 million shares pledged, accounting for 6.01% of their holdings and 1.83% of the company's total share capital. This share pledge will not lead to a change in the company's actual control, and there is currently no risk of liquidation.