Yotrio Group's major shareholder adjusts share pledge

Zhejiang Yotrio Group Co., Ltd. announced that its controlling shareholder, Zhejiang Qiangzhe Industrial Group Co., Ltd., has released and re-pledged a portion of its shares. A total of 14,000,000 shares, representing 16.96% of Qiangzhe Industrial's holdings and 6.45% of the company's total share capital, were released from pledge. These shares were originally pledged on March 16, 2021, and were due for release on December 11, 2025, with Agricultural Bank of China Co., Ltd., Linhai Branch, as the pledgee.

Subsequently, Qiangzhe Industrial pledged 12,000,000 shares, accounting for 14.54% of its holdings and 5.53% of the company's total share capital. This new pledge commenced on December 12, 2025, and is set to expire on December 9, 2028, also with Agricultural Bank of China Co., Ltd., Linhai Branch, for self-production and operation purposes.

Following these transactions, Qiangzhe Industrial now holds 82,549,290 shares, with 17,600,000 shares (21.32% of its holdings, 8.11% of total share capital) currently pledged. The company clarified that these share pledge activities do not involve non-operational capital occupation or illegal guarantees, and have no material impact on the company's production, operations, or governance.