Jiangsu Kairun Building Materials Co., Ltd. and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions. The company recently received a letter from its controlling shareholder, Kairun Holdings Investment Co., Ltd. (hereinafter referred to as "Kairun Holdings"), informing that Kairun Holdings has completed the procedures for releasing the pledge on part of its shares. The specific matters are as follows:
1. Basic Situation of the Release of Pledge on Shareholder's Shares
| Shareholder Name | Is Controlling Shareholder or Largest Shareholder | Number of Shares Released from Pledge (shares) | Percentage of Shares Held | Percentage of Total Share Capital | Pledge Start Date | Pledge Release Date | Pledgee |
|---|---|---|---|---|---|---|---|
| Kairun Holdings | Yes | 6,000,000 | 7.28% | 1.59% | January 28, 2026 | May 26, 2026 | Huaxia Bank Co., Ltd. Wujiang Branch |
| 2,500,000 | 3.03% | 0.66% | February 13, 2026 | May 26, 2026 | Huaxia Bank Co., Ltd. Wujiang Branch | ||
| Total | 8,500,000 | 10.31% | 2.25% |