Hengxuan Technology: Shareholders propose to jointly reduce no more than 1.20% of the total share capital of the company.

Announcement of Hengxuan Technology: Due to its own capital needs, the company's controlling shareholders Liang Zhang, Zhao Guoguang, Tang Xiaodong, and concerted actors plan to collectively reduce their holdings of the company's shares through centralized bidding and bulk trading, not exceeding 201.49 million shares, or 1.20% of the company's total share capital. Shareholders of Run Yuan Capital I Limited and concerted actor Run Yuan Capital II Limited plan to collectively reduce their holdings of the company's shares by 134.35 million shares, not exceeding 0.80% of the company's total share capital. The reduction plan will be implemented within 3 months after 15 trading days from the date of this announcement.