Hongchang Technology: Deputy General Manager Wu Hongping plans to reduce his shareholding by 0.017%.

Announcement by Hongchang Technology: Mr. Wu Hongping, the company's Vice General Manager, holds 90,000 shares, accounting for 0.068% of the total shares. Due to personal fund requirements, he plans to reduce his holding by no more than 22,500 shares, accounting for 0.017% of the total shares, through centralized competitive bidding within 3 months from the disclosure date of this announcement, starting from 15 trading days later. The source of the reduction shares is from the first vesting period of the restricted stock incentive plan in 2024.