Gelonghui on October 11th, Shanghai Challenge Textile (002486.SZ) announced that as of the disclosure date of the announcement, more than half of the time for this shareholding plan has passed. The company has received a "Notice Letter on the Progress of the Implementation of the Shareholding Plan" issued by the relevant shareholding entities of this shareholding plan. Chairman Yang Xi, Ms. Dongjing Cui, Directors Zhang Yun and Ge Jian, Supervisor Representative Ge Jian, President Yang Shibin, Vice President Zhang Guoxing, and Vice President Cai Honglei, jointly increased their shareholdings by 0.8038 million shares, accounting for 0.10% of the total share capital of the company, with a total amount of RMB 1.6842 million. The shareholding entities that have not yet completed the shareholding plan will continue to increase their shareholdings in strict accordance with relevant legal requirements during the implementation of the shareholding plan.