Beijing Jingyuntong adjusts governance, shareholder releases share pledge

Beijing Jingyuntong Technology's controlling shareholder, Beijing Jingyuntong Daxing Technology Investment Co., Ltd. (Jingyuntong Daxing), released a pledge on 34.52m shares, reducing its pledged holdings to 105m shares, representing 15.00% of its total shares and 4.35% of the company's total share capital. Jingyuntong Daxing, along with its concerted party Feng Huanpei, now have 9.46% of their combined holdings pledged.

In a move to enhance corporate governance and independence, Beijing Jingyuntong Technology plans to change its accounting firm from Tianzhi International Certified Public Accountants to Dixin Certified Public Accountants (Special General Partnership) for its 2025 financial and internal control audits. This change follows six years of service by Tianzhi International.

The company also announced the cancellation of its supervisory board and subsequent revisions to its Articles of Association. The audit committee of the board of directors will now assume the responsibilities previously held by the supervisory board. These changes were approved on November 24, 2025, by the board of directors and are subject to shareholder approval.