Huahong Technology: Implementation of the plan for shareholders holding more than 5% of the shares to reduce their holdings completed.
Huahong Technology announced that shareholder Zhou Shijie, from August 28, 2025 to October 30, through centralized bidding and block trading, collectively reduced 12,750,510 shares of the company, accounting for 2.05% of the total share capital after deducting the shares in the repurchase special account. The reduction plan has been completed. Before the reduction, Zhou Shijie held 53,532,167 shares, accounting for 8.62%; after the reduction, he held 40,781,657 shares, accounting for 6.57%. The source of the reduced shares includes shares related to the purchase of assets with issued shares in 2015 and shares acquired in 2024. This reduction will not lead to a change in the company's controlling interest and will not have a significant impact on the company's operations.
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