万马科技：持股5%以上股东部分股份解质押及质押

Core Viewpoint - Wanma Technology announced that major shareholder Yan Nan will release a pledge of 920,000 shares on November 4, 2025, which accounts for 13.73% of his holdings and 0.69% of the company's total share capital [1] Summary by Sections Shareholder Actions - Yan Nan, holding over 5% of shares, will release a pledge of 920,000 shares, which represents 13.73% of his total holdings and 0.69% of the company's total shares [1] - On November 6, Yan Nan pledged the same number of shares (920,000) again, with the pledgee being Shanghai Yushu Technology Co., Ltd., for personal business operations [1] Current Shareholding Status - As of the announcement date, Yan Nan holds 6.7 million shares, which is 5% of the total share capital [1] - After the pledges, Yan Nan has pledged a total of 6.7 million shares, representing 100% of his holdings [1] Control and Risk Assessment - The pledging of shares will not lead to a change in the company's controlling rights, and there is no risk of forced liquidation [1]