He Xing Packaging: Changes in the equity interests of shareholders holding 5% or more and their concerted actions reaching 1%.

He Xing Packaging announced that from August 13, 2025, to November 14, 2025, the equity changes of shareholder Xia Ping and its concerted actors holding more than 5% of the company's shares touched integer multiples of 1%. During this period, a total of 290,893 He Xing convertible bonds were converted into shares, resulting in an increase in the total share capital and a passive dilution of their shareholding percentage from 8.9812% to 8.9117%. From August 19 to November 14, they reduced their holdings by 41,309,764 shares through centralized bidding, accounting for 3.4045% of the total shares. After the comprehensive changes, their shareholding percentage decreased from 8.9812% to 5.5072%. This change does not affect the company's controlling rights, governance structure, and continuous operation.