Zhenyu TECH announced that the company's controlling shareholder Jiang Zhenlin and his concerted party Zhenyu New Energy have completed the release of part of the shares they hold from pledge. The total number of shares released from pledge this time is 11.6357 million shares, accounting for 6.71% of the company's total share capital. As of the announcement date, the company's controlling shareholder and his concerted party have pledged a total of 15.89 million shares, accounting for 34.17% of their held shares and 9.16% of the company's total share capital. This release of pledge will not have a significant impact on the company's production and operation, corporate governance, etc., and the released shares do not involve performance compensation obligations