He Xing Packaging: Some of the shares held by the controlling shareholder have been released from pledge, with a total of 24 million shares pledged.

He Xing Packaging announced that it has recently received a notification from its controlling shareholder, Xinjiang Xinghui Ju, stating that they will release a portion of their pledged shares. On December 23, 2025, Xinjiang Xinghui Ju collectively released 14 million shares from pledge, accounting for 3.62% of their holdings and 1.15% of the company's total share capital. As of the date of the announcement, Xinjiang Xinghui Ju and its concerted parties have pledged a total of 24 million shares, accounting for 4.64% of their holdings and 1.98% of the company's total share capital. Currently, there is no risk of forced liquidation of the pledged shares, and it will not result in a change of controlling interest.