Zhejiang Wansheng shareholder Gao Xianguo's 960,000 shares have been released from the pledge.

Zhejiang Wansheng Co., Ltd. Announcement: On the 25th, shareholder Gao Xianguo released a pledge of 960,000 shares, accounting for 3.46% of his holdings and 0.16% of the company's total share capital. After this pledge release, Gao Xianguo has pledged a total of 26.73 million shares, accounting for 96.47% of his holdings and 4.53% of the company's total share capital. Gao Xianguo and its concerted action person hold a total of 118 million shares, accounting for 20.05% of the company's total share capital, with a total pledge of 48.952 million shares, accounting for 41.41% of their total holdings and 8.30% of the company's total share capital. Gao Xianguo has no plans for further pledge of shares at this time, and his credit and financial situation are good, with no risk of forced liquidation of pledged shares.