Shannon Xinchuang announced that recently, Chairman Huang Zewei, a shareholder holding more than 5% of the shares, released the pledge of 1.4 million shares and pledged 1.51 million shares for financing. As of the disclosure date of the announcement, Huang Zewei and his co-actors have pledged a total of 14.93 million shares, accounting for 30.36% of the shares held and 3.18% of the company's total share capital. There are no frozen or auctions, and there is no risk of liquidation or forced transfer, which will not lead to a change in the company's actual control rights.

Shannon Xinchuang announced that recently, Chairman Huang Zewei, a shareholder holding more than 5% of the shares, released the pledge of 1.4 million shares and pledged 1.51 million shares for financing. As of the disclosure date of the announcement, Huang Zewei and his co-actors have pledged a total of 14.93 million shares, accounting for 30.36% of the shares held and 3.18% of the company's total share capital. There are no frozen or auctions, and there is no risk of liquidation or forced transfer, which will not lead to a change in the company's actual control rights.