Shanghai Juzi Technology Holdings' controlling shareholder has released a pledge of 5 million shares.

Shanghai Juzi Technology Co., Ltd. recently announced that its controlling shareholder and actual controller, Yang Yong, will release the pledge of 5 million shares of the company he holds, accounting for 5.43% of his holdings and 1.73% of the total share capital of the company. The pledge was initiated on February 8, 2024, and will be released on September 25, 2025, with Yunnan International Trust Co., Ltd. as the pledgee. As of the disclosure date of the announcement, Yang Yong and his concerted parties have cumulatively pledged 48.986 million shares, accounting for 41.98% of his holdings and 16.93% of the total share capital of the company. Currently, there are no other restrictions on the shares held by Yang Yong and his concerted parties, and the pledge risk is controllable. The company will continue to monitor and disclose relevant information.