Water Sheep Holdings: A portion of the shares held by the controlling shareholder have been released from pledge, totaling 14.5 million shares.

Shuiyang Corporation announced that recently its controlling shareholder Yujia Investment has completed the procedures for lifting the pledge on part of the company's shares it holds, totaling 14.5 million shares, accounting for 15.12% of its shareholding, and 3.70% of the company's total share capital. The pledge release date is June 1, 2026. As of the disclosure date of the announcement, the controlling shareholder and its concerted actors have a total of 52.25 million shares pledged, accounting for 29.11% of their shareholding, and 13.32% of the company's total share capital. Yujia Investment has good credit and there is no risk of forced liquidation of the pledged shares, which will not have any adverse impact on the company's operation and governance.