Jifeng Auto Parts' controlling shareholder unpledges significant share block

Ningbo Jifeng Auto Parts Co., Ltd. announced that its controlling shareholder, Ningbo Jihong Holding Group Co., Ltd. ("Jihong Group"), has unpledged 41 million shares. This transaction, completed on November 13, 2025, represents 15.23% of Jihong Group's total holdings and 3.22% of the company's total share capital. The shares were previously pledged to the Ningbo Branch of Bank of Communications Co., Ltd.

Following this release, Jihong Group's total pledged shares now stand at 95.6 million, accounting for 35.51% of its holdings and 7.51% of Ningbo Jifeng Auto Parts' total share capital. Jihong Group currently holds 269.2566 million shares, representing 21.16% of the company's total share capital. The company confirmed that Jihong Group has no further pledge plans following this transaction.