Capital Online: The controlling shareholder's partial shares pledged for repurchase have been extended, accounting for 3.32% of the total share capital.

Capital Online announced that recently, the controlling shareholder and actual controller, Qu Ning, will conduct a deferred repurchase business for some of the company's shares. The repurchased shares total 16.7 million, accounting for 17.36% of the shares held by Qu Ning and 3.32% of the total share capital of the company. The deferred repurchase maturity dates are December 15 and 25, 2026 respectively, with China Merchants Securities as the pledgee for the purpose of shareholder financing needs. As of the announcement date, Qu Ning holds 96.183 million shares, with pledged shares accounting for 30.36% of his holdings and 5.81% of the company's total share capital. This deferred repurchase does not involve any new financing and will not result in a change in control rights, and it will have no impact on the company.