Songyang Resources announced that on July 15, 2026, Beihai Jinxingyang Investment Co., Ltd., the controlling shareholder and actual controller, released the pledge of 2.5 million shares, accounting for 24.12% of its shares and 1.22% of the company's total share capital. After this cancellation, Jin Xingyang pledged a total of 7.5 million shares, accounting for 72.35% of his shareholding. Wang Zhuangpeng and his co-actors pledged a total of 46.36 million shares, accounting for 75.36% of their total holdings. The 9.5 million shares pledged to expire within the next six months correspond to a financing balance of 80 million yuan. The controlling shareholder has the ability to repay. This dissolution will not affect the company's control.

Songyang Resources announced that on July 15, 2026, Beihai Jinxingyang Investment Co., Ltd., the controlling shareholder and actual controller, released the pledge of 2.5 million shares, accounting for 24.12% of its shares and 1.22% of the company's total share capital. After this cancellation, Jin Xingyang pledged a total of 7.5 million shares, accounting for 72.35% of his shareholding. Wang Zhuangpeng and his co-actors pledged a total of 46.36 million shares, accounting for 75.36% of their total holdings. The 9.5 million shares pledged to expire within the next six months correspond to a financing balance of 80 million yuan. The controlling shareholder has the ability to repay. This dissolution will not affect the company's control.