Huaxiang Co., Ltd.: Board of Directors and senior executives intend to reduce their shareholdings.

Announcement from Huaxiang Holdings: The company's director and vice general manager, Lu Haixing, plans to reduce his shareholding by no more than 0.0364%, director and board secretary Zhang Min plans to reduce his shareholding by no more than 0.0634%, chairman of the board of supervisors Ma Yiguang plans to reduce his shareholding by no more than 0.0421%, and vice general manager Guo Yongzhi plans to reduce his shareholding by no more than 0.0425%. The method of reduction will be through centralized bidding or block trading, and the reduction period is from July 16, 2025 to October 15, 2025. The reason for the reduction is for personal financial needs.