Huaxiang Group: Changes in controlling shareholder's equity, the shareholding ratio has decreased to 52.97%

HuaXiang Securities announced that on October 22, 2025, the controlling shareholder, Shanxi Linfen Huaxiang Industrial Co., Ltd., disclosed a plan to reduce its holdings, intending to reduce no more than 16.2051 million shares within three months, or not exceeding 3% of the total share capital. On January 16, 2026, Huaxiang Industrial reduced its holdings by 263,000 shares through block trading, reducing its shareholding ratio from 53.01% to 52.97%, triggering a change in equity of 1%. This reduction is in compliance with the reduction plan, does not trigger a tender offer, will not result in changes to the controlling shareholder or ultimate controller, and the reduction plan has not yet been completed.