According to Hongrun Construction's announcement, Zhejiang Hongrun Holdings Co., Ltd., the controlling shareholder of the company, completed the cancellation of the pledge and re-pledge registration of 25 million shares on October 9, 2026. This portion of the shares accounted for 6.63% of its shares and 2.02% of the company's total share capital. The pledgers were all Ping An Bank Co., Ltd. Ningbo Branch. The purpose of this re-pledge was for financing needs. As of the disclosure date of the announcement, Hongrun Holdings held 377 million shares, with a shareholding ratio of 30.48%. The cumulative number of pledged shares was 183 million shares, accounting for 48.62% of its shares and 14.82% of the company's total share capital. There is no risk of liquidation of the pledged shares and will not lead to a change in the actual control of the company.

According to Hongrun Construction's announcement, Zhejiang Hongrun Holdings Co., Ltd., the controlling shareholder of the company, completed the cancellation of the pledge and re-pledge registration of 25 million shares on October 9, 2026. This portion of the shares accounted for 6.63% of its shares and 2.02% of the company's total share capital. The pledgers were all Ping An Bank Co., Ltd. Ningbo Branch. The purpose of this re-pledge was for financing needs. As of the disclosure date of the announcement, Hongrun Holdings held 377 million shares, with a shareholding ratio of 30.48%, and a total of 183 million shares pledged, accounting for 48.62% of its shares and 14.82% of the company's total share capital. There is no risk of liquidation of the pledged shares and will not lead to a change in the actual control of the company.