Mingcheng Sports announced that on December 5, 2025, shareholder Contemporary Group released the pledge of 40,889,554 shares, accounting for 71.91% of the total number of shares in the company and 2.00% of the company's total share capital. Contemporary Group holds 56,865,094 shares of the company, accounting for 2.79% of the company's total share capital. After the pledge was lifted, the cumulative number of pledges was 0 shares. Contemporary Group and its co-actors held a total of 126,761,816 shares of the company, accounting for 6.21% of the company's total share capital; the cumulative number of pledges was 51,452,142 shares, accounting for 40.59% of the number of shares held. All of the company's shares held by Contemporary Group have been judicially flagged and frozen. This time, the dissolved shares were previously auctioned off.

Mingcheng Sports announced that on December 5, 2025, shareholder Contemporary Group released the pledge of 40,889,554 shares, accounting for 71.91% of the total number of shares in the company and 2.00% of the company's total share capital. Contemporary Group holds 56,865,094 shares of the company, accounting for 2.79% of the company's total share capital. After the pledge was lifted, the cumulative number of pledges was 0 shares. Contemporary Group and its co-actors held a total of 126,761,816 shares of the company, accounting for 6.21% of the company's total share capital; the cumulative number of pledges was 51,452,142 shares, accounting for 40.59% of the number of shares held. All of the company's shares held by Contemporary Group have been judicially flagged and frozen. This time, the dissolved shares were previously auctioned off.