Muyuan Foods’ major shareholder unpledges significant block of shares

Muyuan Foods Co., Ltd. has received notification from its shareholder, Muyuan Industrial Group Co., Ltd., regarding the release of a pledge on a portion of the Company's shares held by Muyuan Group. A total of 82,660,000 shares, representing 9.74% of Muyuan Group's holdings and 1.51% of the company's total share capital, were unpledged. The pledge began on August 1, 2024, and was released on November 21, 2025.

Following this release, Muyuan Group's pledged shares now total 90,018,000, accounting for 10.61% of its holdings and 1.65% of the company's total share capital. The company's actual controller, Qin Yinglin, maintains 2,086,287,906 shares with no pledged stock.

The company states that the shareholders involved have sound credit and strong repayment capabilities. The remaining pledged shares are not subject to significant repayment risk, and there is no current risk of forced liquidation or margin calls, indicating the pledge risk is manageable. The total share capital used for these calculations is 5,462,771,033 shares as of November 21, 2025.