Yonyou Network controlling shareholder's share pledges extended and supplemented

Beijing Yonyou Enterprise Management Research Co., Ltd. (Yonyou Research), a concerted party to Yonyou Network Technology's controlling shareholder, recently supplemented and extended its share pledges. On December 25, 2025, Yonyou Research pledged an additional 6,000,000 unrestricted shares to China Merchants Securities Co., Ltd., as a supplementary pledge for a previous 14,000,000-share pledge. On December 26, 2025, Yonyou Research completed the extension of both the original and supplementary pledges.

Following these transactions, Yonyou Research’s total pledged shares in Yonyou Network Technology amount to 20,000,000 shares. This represents 18.54% of its total holdings and 0.59% of the company’s total share capital. As of December 26, 2025, Beijing Yonyou Technology and its concerted parties collectively hold 1,421,079,511 shares, representing 41.59% of Yonyou Network Technology’s total share capital. Their cumulative pledged shares now total 397,630,000, accounting for 27.98% of their combined holdings and 11.64% of the company's total share capital.

Yonyou Research has stated that the pledge risk is controllable, and there is no scenario that would lead to a change in the company's actual control. The company will take measures such as supplementary pledges or early repurchase if a liquidation risk arises.