Jiangsu Hongtian announced that Keyun Xincai, the controlling shareholder, holds 28.00% of the company's shares and recently handled some share pledge and release services. 12,558,300 shares were pledged, accounting for 21.56% of its shares and 6.04% of the total share capital, to replace Hongta Securities stock pledge financing; 12,558,300 shares were released on December 25, 2025, accounting for the same proportion. As of the disclosure date of the announcement, Keyun New Materials has pledged a total of 44,335,300 shares, accounting for 76.13% of its shares and 21.32% of its total share capital. The corresponding financing balances for shares pledged to expire within the next six months and one year are 229.5 million yuan and 301.5 million yuan respectively, and the risk is manageable.

Jiangsu Hongtian announced that Keyun Xincai, the controlling shareholder, holds 28.00% of the company's shares and recently handled some share pledge and release services. 12,558,300 shares were pledged, accounting for 21.56% of its shares and 6.04% of the total share capital, to replace Hongta Securities stock pledge financing; 12,558,300 shares were released on December 25, 2025, accounting for the same proportion. As of the disclosure date of the announcement, Keyun New Materials has pledged a total of 44,335,300 shares, accounting for 76.13% of its shares and 21.32% of its total share capital. The corresponding financing balances for shares pledged to expire within the next six months and one year are 229.5 million yuan and 301.5 million yuan respectively, and the risk is manageable.