Gansu Yatai Industrial Development Co., Ltd.
Announcement Regarding Pledge, Release of Pledge, and Freezing of Part of Controlling Shareholder's Shares
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
Special Risk Warning:
The cumulative number of shares pledged by the controlling shareholder accounts for over 80% of the shares it holds. Investors are advised to pay attention to related risks.
I. Basic Situation of Shareholder's Share Pledge, Release of Pledge, and Freezing
Which of the following situations applies to the shares held by the shareholder:
☑ Share Pledge ☑ Share Freezing ☑ Share Auction ☑ Share Release of Pledge
Gansu Yatai Industrial Development Co., Ltd. (hereinafter referred to as the "Company") received a notice today from its controlling shareholder, Xingrui (Lanzhou) Technology Co., Ltd. (hereinafter referred to as "Xingrui Technology"), stating that a portion of its shares have been pledged, released, and frozen. The specific details are as follows:
(1) Basic Situation of Share Pledge
| Shareholder Name | Whether Controlling Shareholder or Acting in Concert | Number of Shares Pledged This Time (shares) | Proportion of Shares Held | Proportion of Total Share Capital | Whether Restricted Shares (if yes, specify type) | Whether Supplementary Pledge | Pledge Start Date | Pledge End Date | Pledgee | Pledge Purpose |
|---|---|---|---|---|---|---|---|---|---|---|
| Xingrui (Lanzhou) Technology Co., Ltd. | Yes | 13,000,000 | 17.33% | 2.68% | Yes (Restricted shares after issuance) | No | 2026-08-07 | 2026-11-06 | Wenzhou Huintai Packaging Materials Co., Ltd. | Repayment of own debts |
| Total | 13,000,000 | 17.33% | 2.68% |
The shares pledged this time do not carry any performance compensation obligations such as major asset restructuring.
- Basic Situation of Share Release of Pledge
| Shareholder Name | Whether Controlling Shareholder or Acting in Concert | Number of Shares Released This Time (shares) | Whether Restricted Shares | Proportion of Shares Held | Proportion of Total Share Capital | Pledge Start Date | Release Date | Pledgee Name |
|---|---|---|---|---|---|---|---|---|
| Xingrui (Lanzhou) Technology Co., Ltd. | Yes | 13,000,000 | Yes (Restricted shares after issuance) | 17.33% | 2.68% | 2026-05-14 | 2026-08-07 | Zhangjiakou Yuzhuo Agricultural Materials Sales Co., Ltd. |
| Total | 13,000,000 | 17.33% | 2.68% |
- Cumulative Pledge of Shareholder's Shares
As of the disclosure date of this announcement, the situation of pledged shares held by the controlling shareholder is as follows: