Xincheng Holdings announced that Fuyu Development, the controlling shareholder of the company, pledged 34 million shares, accounting for 2.47% of its shares and 1.51% of the company's total share capital. The start date of the pledge is December 15, 2025, and the purpose of the pledge is to guarantee the financing of the subsidiary.

Xincheng Holdings announced that Fuyu Development, the controlling shareholder of the company, pledged 34 million shares, accounting for 2.47% of its shares and 1.51% of the company's total share capital. The start date of the pledge is December 15, 2025, and the purpose of the pledge is to guarantee the financing of the subsidiary.