Red Lion Group unpledges all shares in Bank of Hangzhou

Hangzhou Bank Co., Ltd. announced that as of September 4, 2025, Red Lion Holding Group Co., Ltd. (Red Lion Group) no longer has any pledged shares in the bank. This follows the recent unpledging of 5,000,000 shares, which represented 0.71% of Red Lion Group's total holdings and 0.07% of the bank's total share capital.

The unpledging of these 5,000,000 shares, previously pledged to China Construction Bank Co., Ltd. Lanxi Branch in 2018, was officially completed on September 3, 2025. Red Lion Group holds a total of 700,213,537 shares in Bank of Hangzhou, representing 9.66% of the bank's ordinary share capital.

Red Lion Group currently has no further plans for share pledges. The bank has committed to disclose any future changes in pledge status in accordance with regulatory requirements.