Xinquan Automotive Trim controller releases significant share pledge

Jiangsu Xinquan Automotive Trim Co., Ltd. announced that its actual controller, Tang Zhihua, fully released a pledge on 18,000,000 shares, representing 33.33% of his holdings and 3.69% of the company's total share capital. The release was completed on September 3, 2025, and no further share pledges by Tang Zhihua are planned. Following this, Tang Zhihua's remaining 54,007,460 shares are now unencumbered.

This announcement comes as the company's stock experienced abnormal fluctuations, with its closing price deviation accumulating over 20% across three consecutive trading days from September 2 to September 4, 2025. Jiangsu Xinquan Automotive Trim confirmed that its production and operations remain normal, with no major changes in market environment, industry policies, production costs, or sales.

The company stated that, after internal checks and inquiries, no undisclosed significant information exists that could influence the stock price. The company clarified it is not involved in any market hot concepts and advised investors to exercise caution due to the stock's recent volatility.