Longbai Group announced that Tan Ruiqing, the shareholder of the company, applied for an extension of the pledge of its 12.65 million shares. This portion of the shares accounted for 7.79% of the company's shares and 0.53% of the company's total share capital. The starting date of the pledge was September 2, 2024, and the maturity date after the extension was September 2, 2027. The pledger was CITIC Securities Co., Ltd., and the purpose of the pledge was to repay the pledged debt. As of the disclosure date of the announcement, Tan Ruiqing and his co-actors held a total of 236 million shares, accounting for 9.88% of the company's total share capital, and pledged 95.67 million shares, accounting for 40.61% of their shares and 4.01% of the company's total share capital.

Longbai Group announced that Tan Ruiqing, the shareholder of the company, applied for an extension of the pledge of its 12.65 million shares. This portion of the shares accounted for 7.79% of the company's shares and 0.53% of the company's total share capital. The starting date of the pledge was September 2, 2024, and the maturity date after the extension was September 2, 2027. The pledger was CITIC Securities Co., Ltd., and the purpose of the pledge was to repay the pledged debt. As of the disclosure date of the announcement, Tan Ruiqing and his co-actors held a total of 236 million shares, accounting for 9.88% of the company's total share capital, and pledged 95.67 million shares, accounting for 40.61% of their shares and 4.01% of the company's total share capital.