Xingfa Group announced that it recently received a notice from Zhejiang Jinfanda, a shareholder holding 5% or more of the shares, and has completed the procedures for pledging and canceling the pledge. Zhejiang Jinfanda holds 178 million shares of the company, accounting for 16.14%. 2.4 million shares were pledged. The pledge period is from December 4, 2025 to December 4, 2028. The pledge holder is the Tonglu Branch of the Bank of Hangzhou for daily operating capital requirements; the pledge of 2.4 million shares was lifted on December 5, 2025. After processing, Zhejiang Jinfanda pledged a total of 63 million shares, accounting for 35.38% of its total shareholding and 5.71% of the company's total share capital.

Xingfa Group announced that it recently received a notice from Zhejiang Jinfanda, a shareholder holding 5% or more of the shares, and has completed the procedures for pledging and canceling the pledge. Zhejiang Jinfanda holds 178 million shares of the company, accounting for 16.14%. 2.4 million shares were pledged. The pledge period is from December 4, 2025 to December 4, 2028. The pledge holder is the Tonglu Branch of the Bank of Hangzhou for daily operating capital requirements; the pledge of 2.4 million shares was lifted on December 5, 2025. After processing, Zhejiang Jinfanda pledged a total of 63 million shares, accounting for 35.38% of its total shareholding and 5.71% of the company's total share capital.