Jiangsu Shentong announced that it recently received a notice from its shareholder Fenglin Volcano to release the pledge of all the company's pledged shares. The total number of shares released this time was 10.7 million shares, accounting for 2.11% of the company's total share capital. The pledge was Ningbo Ruihe Smart Investment Co., Ltd. The pledge began on December 24, 2018, and the cancellation period was from September 4, 2025 to January 6, 2026. As of the disclosure date of the announcement, Fenglin Volcano held 1.559 million shares, accounting for 0.31%. The number of pledged shares after the pledge was lifted was 0. The company shares held by it were not pledged or frozen, and the release of the pledge had no substantial impact on the company.

Jiangsu Shentong announced that it recently received a notice from its shareholder Fenglin Volcano to release the pledge of all the company's pledged shares. The total number of shares released this time was 10.7 million shares, accounting for 2.11% of the company's total share capital. The pledge was Ningbo Ruihe Smart Investment Co., Ltd. The pledge began on December 24, 2018, and the cancellation period was from September 4, 2025 to January 6, 2026. As of the disclosure date of the announcement, Fenglin Volcano held 1.559 million shares, accounting for 0.31%. The number of pledged shares after the pledge was lifted was 0. The company shares held by it were not pledged or frozen, and the release of the pledge had no substantial impact on the company.