Huazi Industry’s controlling shareholder unpledges significant stake

Baotou Huazi Industry Co., Ltd. announced that its controlling shareholder, Hainan Shengtai Chuangfa Industrial Co., Ltd., has released a pledge on a portion of its shares. Shengtai Chuangfa holds 144,994,030 unrestricted tradable shares in the company, representing 29.90% of the total share capital.

Following this recent unpledging of 48,493,200 shares, which constituted 33.44% of Shengtai Chuangfa's holdings and 10.00% of the company's total share capital, there are now zero pledged shares remaining. The release of the pledge was confirmed to have occurred on December 2, 2025.

Shengtai Chuangfa has committed to promptly inform the company of any subsequent pledge plans. The company, in turn, will ensure timely information disclosure in accordance with relevant laws and regulations. This announcement was made by the board of directors of Baotou Huazi Industry Co., Ltd. on December 4, 2025.