Hongxin Technology: Shareholders Bai Qiang and Taizhou Qixin plan to reduce their holdings of the company's shares by 2.62% and 2.12% respectively.

Hongxin Technology announcement: Shareholder Bai Qiang, who holds more than 5% of the shares, plans to reduce his holdings by no more than 3.8824 million shares, accounting for 2.62% of the total share capital of the company, within 3 months after the disclosure of this announcement, starting from the 15th trading day. Another shareholder, Taizhou Qixin, who holds more than 5% of the shares, plans to reduce their holdings by no more than 3.1331 million shares, accounting for 2.12% of the total share capital of the company. The reason for the reduction is the shareholders' own fund needs. The reduction price will be determined based on market prices.