Lu Xiao Technology announced that it recently received proof of cancellation of the pledge from the controlling shareholder Lu Xiao Group. On December 10, 2024, Lu Xiao Group released the pledge of 100 million shares, accounting for 74.77% of its shares and 5.20% of the company's total share capital. The pledger was Zhejiang Jinhui Trust. As of the disclosure date of the announcement, the controlling shareholders and their co-actors have pledged a total of 98.75 million shares, accounting for 37.83% of the total number of shares held and 5.14% of the company's total share capital. The cancellation of the pledge will not result in a change in the actual control of the company, there is no risk of liquidation or forced transfer, and there is no substantial impact on the company.

Lu Xiao Technology announced that it recently received proof of cancellation of the pledge from the controlling shareholder Lu Xiao Group. On December 10, 2024, Lu Xiao Group released the pledge of 100 million shares, accounting for 74.77% of its shares and 5.20% of the company's total share capital. The pledger was Zhejiang Jinhui Trust. As of the disclosure date of the announcement, the controlling shareholders and their co-actors have pledged a total of 98.75 million shares, accounting for 37.83% of the total number of shares held and 5.14% of the company's total share capital. The cancellation of the pledge will not result in a change in the actual control of the company, there is no risk of liquidation or forced transfer, and there is no substantial impact on the company.