According to the Xiangyuan New Materials announcement, Wei Qiong, the actual controller of the company, pledged 1.274,000 shares of the company to the Wuhan Qiaokou branch of Huaxia Bank to register for cancellation of the pledge. This portion of the shares accounted for 4.52% of its shares and 0.66% of the company's total share capital. The cancellation date is October 15, 2026. As of the disclosure date of the announcement, Wei Qiong's shares were not pledged, and there was no risk of liquidation or forced transfer.

According to the Xiangyuan New Materials announcement, Wei Qiong, the actual controller of the company, pledged 1.274,000 shares of the company to the Wuhan Qiaokou branch of Huaxia Bank to register for cancellation of the pledge. This portion of the shares accounted for 4.52% of its shares and 0.66% of the company's total share capital. The cancellation date is October 15, 2026. As of the disclosure date of the announcement, Wei Qiong's shares were not pledged, and there was no risk of liquidation or forced transfer.