Jiemei's controlling shareholder adjusts pledged shareholdings

Zhejiang Yuanlong Equity Investment Management Group has pledged 10.1m shares of Zhejiang Jiemei, representing 5.01% of its total holdings and 2.34% of the company's total share capital. The pledge, effective September 1, 2025, with an expiration on August 31, 2028, was made to China Galaxy Securities Co., Ltd. to replace an existing pledge.

Concurrently, Zhejiang Yuanlong released 11.3m pledged shares, accounting for 5.61% of its holdings and 2.62% of the company's total share capital. This release occurred on September 2, 2025, from a pledge initiated on September 11, 2023, also involving China Galaxy Securities Co., Ltd. Following these transactions, Zhejiang Yuanlong's total pledged shares amount to 82.7m, representing 41.05% of its holdings and 19.19% of the company's total share capital as of the announcement date.

Zhejiang Yuanlong reports sound financial health and sufficient repayment capacity, asserting that the current pledge activities do not pose a risk of forced liquidation or a change in control. The company will adhere to relevant information disclosure regulations for any future share changes.