Hengbao Group: Director Gao Qiang plans to reduce his holdings in the company by 0.03%.

Hengbao shares announcement, the company's director and vice president Gao Qiang plans to reduce his holdings by no more than 197,500 shares within 3 months after 15 trading days from the disclosure of the announcement, through centralized bidding or block trading, accounting for 0.03% of the company's total share capital. Gao currently holds 790,000 shares of the company, accounting for 0.11% of the total share capital of the company. The reason for the reduction is personal financial needs, and the reduction price will be determined based on market prices.