Beijing Jetsen Technology's controlling shareholder adjusts share pledge, company secures bank credit

Beijing Jetsen Technology announced that its controlling shareholder, Xu Ziquan, released a pledge of 10,000,000 shares (0.38% of total share capital) on November 24, 2025. Concurrently, Xu Ziquan pledged 9,800,000 shares (0.37% of total share capital) for financing purposes, with the pledge lasting until the date of release registration. As of the announcement date, Xu Ziquan's total pledged shares amount to 247,146,015 shares, representing 65.04% of his holdings and 9.28% of the company's total share capital.

The company further disclosed that its Sixth Board of Directors, at its Seventh Meeting on November 26, 2025, approved an application for a comprehensive credit line of up to yuan 20,000,000 from Nanjing Bank Co., Ltd. Beijing Branch. This one-year credit line will be guaranteed by Xu Ziquan and his consistent acting party, Kang Ning, through an unlimited joint liability guarantee, and by Beijing Zhiji Intellectual Property Financing Guarantee Co., Ltd. The move is intended to support the company's expanding business operations and ensure adequate working capital.