Linewell: The controlling shareholder has partially lifted the pledge on shares, with the remaining pledge ratio at 75.89%

Linewell Software announced that on August 12, 2025, the controlling shareholder Wu Zhixiong will lift the pledge on 2.69 million shares, accounting for 1.39% of his holdings and 0.46% of the company's total share capital. As of the announcement date, Wu Zhixiong holds 194 million unrestricted circulating shares of the company, accounting for 33.36% of the total share capital, with a total of 147 million pledged shares, accounting for 75.89% of his total holdings in the company and 25.32% of the company's total share capital. Wu Zhixiong and his concerted actor Xu Chunmei together hold 33.36% of the company's total share capital, and after this unpledging, the total number of pledged shares accounts for 75.89% of their combined holdings and 25.32% of the company's total share capital