Jiangsu Shuangxing New Materials Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.
On April 29, 2026, the Company received a notification from Suqian Dizhi Cheng Investment Consulting Co., Ltd. (hereinafter referred to as "Dizhi Cheng Investment"), a concerted action party of controlling shareholder Mr. Wu Peifu, informing that Dizhi Cheng Investment has completed the procedures for the release of a portion of its pledged shares. The specific matters are as follows:
1. Basic Information on the Release of Pledged Shares
| Shareholder Name | Is it a Controlling Shareholder or First Major Shareholder and its Concerted Action Party | Number of Shares Released from Pledge (shares) | Proportion of Shares Held | Proportion of Total Share Capital | Start Date | Release Date | Pledgee |
|---|---|---|---|---|---|---|---|
| Dizhi Cheng Investment | Yes | 18,000,000 | 29.59% | 1.58% | March 24, 2026 | April 28, 2026 | Zhejiang Yintong Pawn Co., Ltd. |