Hengxuan Technology: Controlling shareholder and concerted action parties plan to collectively reduce their shareholdings by no more than 2%.

Hengxuan Technology announced on the evening of July 4th that the company's controlling shareholders Liang Zhang, Zhao Guoguang, Tang Xiaodong, and the concerted action parties Ningbo Baibifu, Ningbo Qianbifu, and Ningbo Yibifu plan to reduce their total holdings of the company's shares by no more than 201.49 million shares, or 1.2% of the company's current total share capital, through centralized competitive bidding and block trading. Shareholders Run Yuan I and Run Yuan II plan to jointly reduce their holdings of the company's shares by 1.34 million shares, or 0.8% of the company's current total share capital, through centralized competitive bidding.