Giant Network Group's concerted party unpledges all shares

Giant Network Group announced that its controlling shareholder's concerted party, Shanghai Tengpeng Investment Partnership, successfully unpledged all of its previously pledged company shares. This action involved two separate transactions, each for 71 million shares, totaling 142 million shares. These unpledged shares represented 72.61% of Tengpeng Investment's total holdings and 7.34% of the company's total share capital. The unpledging dates were December 8, 2025, for both tranches.

Following this announcement, Tengpeng Investment now holds no pledged shares. As of the disclosure date, the controlling shareholder, Shanghai Giant Investment Management Co., Ltd., and its concerted party, Tengpeng Investment, jointly hold 759,779,791 shares, representing 39.27% of the total share capital. While Tengpeng Investment's shares are now fully unpledged, Giant Investment still has 385 million shares pledged, representing 68.24% of its holdings and 19.90% of the company's total share capital.

The company stated that the release of Tengpeng Investment's pledged shares does not pose a risk of forced liquidation for Giant Investment's pledged shares and will not lead to a change in the company's actual control or impact its operations or governance. Giant Network Group reiterated its commitment to closely monitor and disclose any changes in shareholder pledges and associated risks.