LANCY's controlling shareholder has extended the pledge of some shares, which does not affect control

Recently, LANCY received a notice from its controlling shareholder and actual controller, Shen Dongri, regarding the extension of the pledge on some of its shares. This pledge extension involves two transactions, totaling 3.22 million shares and 2.49 million shares, amounting to 5.71 million shares, which accounts for 2.70% of the shares held and 1.29% of the company's total share capital. The new maturity date is September 11, 2026, and the purpose of the pledge is for personal funding needs. As of the announcement date, Shen Dongri holds 212 million shares, with a total of 37.98 million shares pledged, accounting for 17.95% of his holdings. The company stated that its production and operations are currently normal, and Shen Dongri has confidence in the company's future development. There is no risk of forced liquidation or transfer of the pledged shares, and this extension will not lead to a change in the company's actual control