Hefeng Group: Wang Fengjiu pledged 6.6 million shares and released the pledge of 8.23 million shares.

He Feng announced that Mr. Wang Fengjiu, a shareholder holding more than 5% of the shares, holds a total of 47.9646 million shares of the company, accounting for 5.26% of the total share capital of the company. Recently, Mr. Wang Fengjiu pledged and released some of the shares he held in the company. This pledge involves 6.6 million shares, accounting for 13.76% of his holdings and 0.72% of the total share capital of the company. The start date of the pledge is June 3, 2025, and the creditor is GF Securities Co., Ltd. The pledged funds will be used to repay debts. The shares released from the pledge amount to 8.23 million, accounting for 17.16% of his holdings and 0.90% of the total share capital of the company. The pledge was released on June 4, 2025. As of the announcement disclosure date, Mr. Wang Fengjiu has a cumulative pledge of 8.35 million shares, accounting for 17.41% of his holdings and 0.92% of the total share capital of the company.