Snow Dragon Group: Shareholder Weisai Holdings has relieved the pledge of 6.16% of the company's shares.

Snow Dragon Group Announcement: As of the date of this announcement, shareholder Velsay Holdings holds 31.4714 million shares of the company's unrestricted tradable stock, accounting for 14.91% of the total shares of the company. This time, 13 million shares have been released from pledge, accounting for 41.31% of its holdings, 6.16% of the total share capital of the company, and the release date is September 2, 2025. After the release of the pledge, Velsay Holdings and its concerted action persons Mr. He Cailin, Ms. He Pinyan, Ms. He Qunyan, and Hong Kong Green Source Holdings Limited collectively hold 145 million shares of the company, accounting for 68.88% of the total shares of the company, and all shares are unpledged.