Hongxing Group: Stock price has been fluctuating for three consecutive days, controlling shareholder and concerted action persons have reduced their holdings.

Hongxing Corporation announced that the closing price of the company's stock has deviated by more than 20% for three consecutive trading days from February 24th to 26th, 2026, which is considered abnormal fluctuation. As of the 26th, the company's static price-earnings ratio is 48.43 times and the price-to-book ratio is 3.03 times, which is significantly different from the industry average. The company's operations are normal and no significant undisclosed information has been found. From January to May 2026, controlling shareholder Zhou Demao and its concerted parties plan to reduce their holdings by no more than 1,277,000 shares. During the abnormal fluctuation period, Guo Jingxuan, Shantou Runying, and Shantou Zhoumi respectively reduced their holdings by 92,019 shares, 70,800 shares, and 69,700 shares. In addition, the company expects a net profit of 17 to 21 million yuan in 2025, a year-on-year decrease of 73.84% to 78.82%.