Xincheng Holdings announced that the company received a notice from shareholder Changzhou Derun on December 31, 2025. It agreed with CITIC Securities to extend the 30 million shares pledged by one year from December 12, 2025 to December 12, 2026. The shares accounted for 21.77% of its holdings, 1.33% of the company's total share capital, and the funds were used to repay prior period debts. As of the disclosure date of the announcement, the controlling shareholder Fuyu Development and Changzhou Derun, its co-actor, had a cumulative shareholding of 67.20% of the total share capital, and the cumulative pledged shares accounted for 24.55% of its holdings, accounting for 16.49% of the total share capital. If there is a risk of liquidation, Changzhou Derun will take corresponding measures to deal with it.

Xincheng Holdings announced that the company received a notice from shareholder Changzhou Derun on December 31, 2025. It agreed with CITIC Securities to extend the 30 million shares pledged by one year from December 12, 2025 to December 12, 2026. The shares accounted for 21.77% of its holdings, 1.33% of the company's total share capital, and the funds were used to repay prior period debts. As of the disclosure date of the announcement, the controlling shareholder Fuyu Development and Changzhou Derun, its co-actor, had a cumulative shareholding of 67.20% of the total share capital, and the cumulative pledged shares accounted for 24.55% of its holdings, accounting for 16.49% of the total share capital. If there is a risk of liquidation, Changzhou Derun will take corresponding measures to deal with it.