Jihong Group re-pledges significant stock in Ningbo Jifeng Auto Parts

On September 12, 2025, Jihong Holding Group, controlling shareholder of Ningbo Jifeng Auto Parts, completed the un-pledging and subsequent re-pledging of 23,500,000 shares to China Merchants Bank Ningbo Branch. Following this transaction, Jihong Holding Group's total pledged shares amount to 136,600,000, representing 50.73% of its total holdings and 10.77% of the company's total share capital.

As of the same date, Jihong Holding Group holds 269,256,600 shares, accounting for 21.23% of the company's total share capital. The re-pledged shares are intended for the shareholder's own production and operations. The company assures that this pledging activity will not affect its operations, governance, or the stability of its control.

The controlling shareholder, along with its consistent actors Wing Sing International Co., Ltd. and Wang Jimi, collectively hold 535,041,100 shares, representing 42.20% of the company's total share capital. Their combined pledged shares total 225,600,000, which is 42.16% of their collective holdings and 17.79% of the company's total share capital. The company also confirmed that there are no pledges due within the next six months.