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*ST Spring: The controlling shareholder in Tibet Rong'en has cumulatively pledged 19.43% of the total share capital.
*ST Spring Announcement, the company’s controlling shareholder, Tibet Rong’en, released the pledge of 5.06 million shares on March 17, 2026, accounting for 0.86% of the company’s total share capital; on March 18, 2026, an additional 5.5 million shares were pledged again to Qinghai Bank Co., Ltd., with a pledge period until March 17, 2027, for providing guarantees. This time, Tibet Rong’en’s total pledged shares amount to 114 million, accounting for 60.47% of its holdings and 19.43% of the company’s total share capital. Tibet Rong’en and its concerted actor Xiao Ronghe hold a total of 245 million shares, accounting for 41.80%, with 144 million shares pledged, representing 58.77% of their holdings and 24.56% of the company’s total share capital.