Announcement on Partial Share Pledge by Acting in Concert with Controlling Shareholder
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and do not contain any false representations, misleading statements, or significant omissions.
Zhejiang Jiaxin Silk Holdings Co., Ltd. (hereinafter referred to as the "Company") received notification on February 24, 2026, from Mr. Zhou Guojian, the controlling shareholder, and his acting-in-concert entity, Zhejiang Shengxin Industrial Development Co., Ltd. (hereinafter referred to as "Shengxin Industrial"), that Shengxin Industrial had completed the registration procedures for pledging a portion of its holdings in the Company. The specific details are as follows:
I. Basic Information on Share Pledge by Shareholders
| Shareholder Name | Whether Controlling Shareholder or Acting in Concert with Controlling Shareholder | Number of Shares Pledged (Shares) | Proportion of Shares Held (Ratio) | Proportion of Company's Total Share Capital (Ratio) | Whether Restricted Shares | Whether Supplementary Pledge | Pledge Start Date | Pledge Expiry Date | Pledgee | Pledge Purpose |
|---|---|---|---|---|---|---|---|---|---|---|
| Shengxin Industrial | Yes | 10,000,000 | 45.30% | 1.79% | No | No | February 13, 2026 | Until the date of completion of deregistration of the pledge | China Everbright Bank Co., Ltd. Jiaxing Branch | Own production and operation |