Major shareholder unpledges full equity stake in Caihong Display Devices

On October 24, 2025, Caihong Display Devices Co., Ltd. announced that its major shareholder, Xianyang City Construction Investment Holding Group Co., Ltd. ("Xianyang Urban Investment"), has unpledged all 116,000,000 shares previously pledged to Guoyuan Securities Co., Ltd. These shares represent 36.90% of Xianyang Urban Investment's total holdings and 3.23% of Caihong Display Devices' total share capital.

Xianyang Urban Investment holds a total of 314,336,098 shares in Caihong Display Devices, accounting for 8.76% of the company's total share capital. Following this release, Xianyang Urban Investment no longer has any pledged shares, marking a complete unpledging of its equity stake.

Xianyang Urban Investment plans to formulate a subsequent equity pledge financing plan based on its operational needs, with any future changes to be promptly disclosed according to relevant regulations. Caihong Display Devices will also fulfill its information disclosure obligations as required.