Double-plate Heng Bao shares: During the abnormal fluctuation of the company's stock, the controlling shareholder has reduced their holdings.

On the evening of June 17th, Hengbao Stock, which had two consecutive daily limit increases, disclosed a notice of abnormal stock trading. The announcement stated that there have been no significant changes in the company's operating situation and internal and external operating environment recently. After verification, it was confirmed that there are no significant undisclosed matters related to the company by the company, controlling shareholders, or actual controllers, or significant matters in the planning stage. During the abnormal fluctuations in the company's stock, the controlling shareholder and actual controller of the company, Qianjing, have been reducing their holdings of the company's stock. This reduction is consistent with the previously disclosed reduction plan and there is no violation of reduction regulations.