According to the Modern Avenue announcement, as of the disclosure date, the controlling shareholder Puhuiyuan held 63.8093 million shares of the company, and its co-actor Jiayuan Investment held 7.94226 million shares. Puhuiyuan has pledged 41.8093 million shares, accounting for 65.52% of its shares; Jiayuan Investment has pledged 7.94226 million shares, accounting for 100% of its shares. The two pledged a total of 497.819 million shares, accounting for 6.99% of the total share capital. The pledge period is from December 10, 2025 to December 9, 2028, for the purpose of supplementing working capital. This pledge will not have a significant impact on the company and will not result in a change in control.

According to the Modern Avenue announcement, as of the disclosure date, the controlling shareholder Puhuiyuan held 63.8093 million shares of the company, and its co-actor Jiayuan Investment held 7.94226 million shares. Puhuiyuan has pledged 41.8093 million shares, accounting for 65.52% of its shares; Jiayuan Investment has pledged 7.94226 million shares, accounting for 100% of its shares. The two pledged a total of 497.819 million shares, accounting for 6.99% of the total share capital. The pledge period is from December 10, 2025 to December 9, 2028, for the purpose of supplementing working capital. This pledge will not have a significant impact on the company and will not result in a change in control.