Jiuzhitang announced that recently, some of the shares held by Li Zhenguo, a shareholder of 5% or more of the company, were released from pledge. The number of unpledged shares was 8,720,930 shares, accounting for 6.01% of the shares held and 1.02% of the company's total share capital. The starting date is June 13, 2025, and the release date is July 23, 2026. The pledge holder is Heilongjiang Nengchen University of Technology Venture Capital Co., Ltd. As of July 23, 2026, Li Zhenguo had pledged a total of 76,185,270 shares, accounting for 52.55% of his shares and 8.90% of the company's total share capital.

Jiuzhitang announced that recently, some of the shares held by Li Zhenguo, a shareholder of 5% or more of the company, were released from pledge. The number of unpledged shares was 8,720,930 shares, accounting for 6.01% of the shares held and 1.02% of the company's total share capital. The starting date is June 13, 2025, and the release date is July 23, 2026. The pledge holder is Heilongjiang Nengchen University of Technology Venture Capital Co., Ltd. As of July 23, 2026, Li Zhenguo had pledged a total of 76,185,270 shares, accounting for 52.55% of his shares and 8.90% of the company's total share capital.