Xincheng Holdings: The controlling shareholder pledges 185 million shares, with the deadline extended by six months.

Xincheng Holdings announced that its controlling shareholder Fuyu Development and Guotai Haitong have reached a consensus to extend the deadline for the pledge of 185,372,000 shares by half a year, from January 9, 2026 to July 9, in order to repay previous debts. As of the date of the announcement, Fuyu Development holds 1,378,000,000 shares of the company, accounting for 61.09% of the total share capital, with a total pledge of 312,055,500 shares, accounting for 22.65% of its holdings; Fuyu Development and its concerted action party, Changzhou Derun, hold a total of 1,515,800,000 shares, accounting for 67.20% of the total share capital, with a total pledge of 372,055,500 shares, accounting for 24.55% of its holdings. If there is a risk of forced liquidation, Fuyu Development will take measures such as additional pledges.