Changqing Group: Partial shares of controlling shareholder released from pledge and re-pledged, with total pledge ratio of 13.01%.

Changqing Group announced that on July 2, the controlling shareholder Wu Yinghong released 11 million shares pledged to Hefei Xingtai Technology Small Loan Co., Ltd., accounting for 16.92% of his total holdings and 4.62% of the total share capital. On the same day, Wu Yinghong pledged another 13.73 million shares to the company, accounting for 21.12% of his total holdings and 5.77% of the total share capital, for production and operation purposes. As of the announcement date, Wu Yinghong and his concerted action person Zhu Huijuan have pledged a total of 30.96 million shares, accounting for 13.01% of the total share capital. The pledge risk of the controlling shareholder is controllable, and the company will continue to monitor and disclose relevant information.