Yuanwang Valley announced that it recently received a letter from the controlling shareholder Xu Yusuo that its 8.76 million shares have been released from the pledge, accounting for 8.25% of its shares and 1.18% of the company's total share capital. The pledge start date is November 6, 2024, and the release date is December 10, 2025. As of the disclosure date of the announcement, Xu Yusuo and his co-actors had pledged a total of 93.22 million shares, accounting for 66.12% of their shares and 12.60% of the company's total share capital. The controlling shareholder and its co-actors pledged shares due in the next year corresponding to a financing balance of 294.9 million yuan. The pledge risk is manageable and will not affect the company's control and production and operation.

Yuanwang Valley announced that it recently received a letter from the controlling shareholder Xu Yusuo that its 8.76 million shares have been released from the pledge, accounting for 8.25% of its shares and 1.18% of the company's total share capital. The pledge start date is November 6, 2024, and the release date is December 10, 2025. As of the disclosure date of the announcement, Xu Yusuo and his co-actors had pledged a total of 93.22 million shares, accounting for 66.12% of their shares and 12.60% of the company's total share capital. The controlling shareholder and its co-actors pledged shares due in the next year corresponding to a financing balance of 294.9 million yuan. The pledge risk is manageable and will not affect the company's control and production and operation.