Hiseco announced that Ms. Fan Xiulian, a shareholder of the company, pledged 4.8 million shares, accounting for 2.21% of her shares and 0.43% of the company's total share capital. The pledge starts on April 21, 2025, and expires on April 18, 2028 or the date when the pledgee completes the registration procedures for releasing the pledge. The pledgee is Guojin Securities Asset Management Co., Ltd. The purpose of the pledge is its own production and operation. The pledged shares do not bear performance compensation obligations such as major asset restructuring. As of the date of the announcement, Ms. Fan Xiulian and her persons acting in concert held 58.71 million pledged shares, accounting for 22.60% of their shares and 5.24% of the company's total share capital.