Sheng Hong shares: Chairman Fang Xing intends to reduce his holdings of the company's shares by no more than 0.32%.

Shenghong Group announced that Fang Xing, the controlling shareholder, actual controller, chairman, and general manager of the company holding 17.97% of the shares, plans to reduce the company's shares by a total of not more than 1 million shares through centralized bidding or block trading, accounting for 0.32% of the total share capital excluding the shares in the repurchase special account. The reason for the reduction is the personal fund needs of the shareholder. The reduction price will be determined based on the secondary market price and trading method at the time of the reduction.