Hengfeng Information: Chen Zhaoxue's reduction plan has been completed, reducing by 0.1207%.

Hengfeng Information Announcement: Mr. Chen Zhaoxue, a director and vice president of the company, has completed the reduction plan. On April 28, 2025, Mr. Chen Zhaoxue reduced his holdings by 198,700 shares through centralized bidding transactions, with an average reduction price of 16.2 yuan/share, accounting for 0.1207% of the total share capital of the company. After the reduction, Mr. Chen Zhaoxue holds 596,200 shares of the company, accounting for 0.3622% of the total share capital of the company. This reduction is in compliance with relevant laws, regulations, and normative documents, and will not result in a change in the company's control.