Heng Bao shares: Director and Vice President Gao Qiang reduced their holdings of 0.03% of the company's shares.

Translating into Heng Bao Group announced that the company's director and vice president Gao Qiang has completed the reduction plan, selling a total of 197,500 shares, accounting for 0.03% of the total share capital. The selling price ranged from 20.04 yuan/share to 20.2 yuan/share. After the reduction, Gao Qiang holds 592,500 shares, accounting for 0.08% of the total share capital. This reduction is in compliance with relevant laws and regulations and does not affect the company's control rights and governance structure.