Shanghai DZH: Share pledge release and board appointments

Shanghai DZH announced that its shareholder, Xiangcai Securities, released 24,880,000 pledged shares, representing 12.95% of its holding and 1.25% of Shanghai DZH's total share capital. Following this, Xiangcai Securities' remaining pledged shares total 23,000,000, accounting for 11.97% of its shares and 1.16% of Shanghai DZH's total share capital, with no further re-pledge plans.

Concurrently, the company’s fifth board of directors approved the nomination of Shen Ruibo as a non-independent director and member of the remuneration and assessment committee. Shen Ruibo has also been appointed as the company's chief financial officer, effective from the board's approval.

These changes will be formalized at an extraordinary general meeting scheduled for November 6, 2025, at 13:30 CST in Shanghai. The appointment of Shen Ruibo as director requires shareholder approval via cumulative voting.