Hongyang Packaging Materials: Major shareholder Xi Defeng plans to reduce its holdings by 1,627,000 shares, accounting for more than 5% of the total shares.

Hongyu Packaging Materials Announcement, shareholder Xi Dafeng, who holds more than 5% of the shares, plans to reduce 1.627 million shares, accounting for 2% of the total share capital. The reduction method is through centralized bidding or block trading, and the reduction period is within three months after 30 trading days from the date of disclosure of the announcement. The reduction price will be determined based on market prices, and the shares are sourced from before the listing on the Beijing Stock Exchange. This reduction plan is consistent with Xi Dafeng's previously disclosed commitments and does not violate relevant laws and regulations.