According to Qianfang Technology's announcement, the 16.99 million shares held by Xia Shudong, the controlling shareholder and actual controller of the company, were pledged, accounting for 7.09% of its shares and 1.08% of the company's total share capital. The expiration date after the extension was October 24, 2027; at the same time, 5.3 million shares were released, accounting for 2.21% of its shares and 0.34% of the company's total share capital. As of the disclosure date of the announcement, Xia Shudong and his co-actors pledged a total of 159 million shares, accounting for 46.04% of its shares and 10.06% of the company's total share capital. The pledge risk is manageable and will not lead to a change in the company's actual control.

According to Qianfang Technology's announcement, the 16.99 million shares held by Xia Shudong, the controlling shareholder and actual controller of the company, were pledged, accounting for 7.09% of its shares and 1.08% of the company's total share capital. The expiration date after the extension was October 24, 2027; at the same time, 5.3 million shares were released, accounting for 2.21% of its shares and 0.34% of the company's total share capital. As of the disclosure date of the announcement, Xia Shudong and his co-actors pledged a total of 159 million shares, accounting for 46.04% of its shares and 10.06% of the company's total share capital. The pledge risk is manageable and will not lead to a change in the company's actual control.