Fujian Xingyun Electronics Co., Ltd.
Announcement on the Release of Pledged Shares by Controlling Shareholders and Actual Controllers
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are not aware of any false representations, misleading statements, or material omissions.
Fujian Xingyun Electronics Co., Ltd. (hereinafter referred to as the "Company") recently received notices from its controlling shareholders and actual controllers, Mr. Li Youcai and Mr. Liu Zuobin, stating that Mr. Li Youcai and Mr. Liu Zuobin have completed the procedures for releasing a portion of their pledged shares in the Company. The specific details are as follows:
I. Basic Information on the Release of Shares by Shareholders in this Transaction