According to Hesheng New Materials's announcement, it recently received a notice from Jiang Xueyuan, the controlling shareholder, that all 2.7 million shares of the company pledged were released from the pledge on December 3, 2025, accounting for 60% of its shares and 1.09% of the company's total share capital. The pledge holder is Dongwu Securities. As of the disclosure date of the announcement, Jiang Xueyuan held 4.5 million shares of the company, accounting for 1.81% of the total share capital. There is no pledge. In addition, the controlling shareholder Zhao Dongming and his co-actors held a total of 588.442 million shares, accounting for 23.72% of the total share capital. There was no pledge after this dissolution. Previously, they had signed a share transfer agreement with Shanghai Moore Zhixin.

According to Hesheng New Materials's announcement, it recently received a notice from Jiang Xueyuan, the controlling shareholder, that all 2.7 million shares of the company pledged were released from the pledge on December 3, 2025, accounting for 60% of its shares and 1.09% of the company's total share capital. The pledge holder is Dongwu Securities. As of the disclosure date of the announcement, Jiang Xueyuan held 4.5 million shares of the company, accounting for 1.81% of the total share capital. There is no pledge. In addition, the controlling shareholder Zhao Dongming and his co-actors held a total of 588.442 million shares, accounting for 23.72% of the total share capital. There was no pledge after this dissolution. Previously, they had signed a share transfer agreement with Shanghai Moore Zhixin.