Zhejiang Jinke shareholder Wang Jian unfreezes and releases pledged shares

Zhejiang Jinke Culture Industry announced that its major shareholder, Wang Jian, has released a total of 1,457,674 shares from pledge and judicial freeze. Specifically, 1,064,490 shares, representing 0.60% of his pledged holdings, were released from pledge on September 8, 2025. An additional 393,184 shares, representing 0.22% of his pledged holdings, were released from pledge on September 9, 2025. These pledges originated on January 30, 2019, with Founder Securities Co., Ltd. as the pledgee.

Concurrently, the same number of shares were released from judicial freeze, with the freezes originating on May 6, 2024, at the request of the Xianju County People's Court.

Following these actions, as of September 9, 2025, Wang Jian holds 176,027,214 shares, representing a 5.01% stake in the company. His cumulative pledged shares now stand at 175,717,692, which accounts for 99.82% of his total holdings and 5.00% of the company's total share capital. All of these pledged shares are subject to restrictions, freezes, or markups. The company clarified that these changes will not alter its control or impact its governance and operations, but noted that Wang Jian's remaining judicially frozen or marked shares still carry liquidation risk.