According to the Songcheng Performing Arts announcement, Hangzhou Songcheng Group Holdings Co., Ltd., the controlling shareholder of the company, completed the cancellation of part of the share pledge business on October 30, 2026. The number of shares released this time was 125 million shares, accounting for 17.25% of its shares and 4.79% of the company's total share capital. The pledgee is Huaxia Bank Co., Ltd. Hangzhou Heping Branch. As of the disclosure date of the announcement, Songcheng Group and its co-actors have pledged a total of 224 million shares, accounting for 20.91% of its shares and 8.59% of the company's total share capital. The shares held have not been frozen or auctioned, and there is no risk of liquidation of the pledged shares.

According to the Songcheng Performing Arts announcement, Hangzhou Songcheng Group Holdings Co., Ltd., the controlling shareholder of the company, completed the cancellation of part of the share pledge business on October 30, 2026. The number of shares released this time was 125 million shares, accounting for 17.25% of its shares and 4.79% of the company's total share capital. The pledgee is Huaxia Bank Co., Ltd. Hangzhou Heping Branch. As of the disclosure date of the announcement, Songcheng Group and its co-actors have pledged a total of 224 million shares, accounting for 20.91% of its shares and 8.59% of the company's total share capital. The shares held have not been frozen or auctioned, and there is no risk of liquidation of the pledged shares.