Hongchang Electronics: Senior executive Xiao Zhiren plans to reduce his holding of the company's shares by not more than 10,100 shares.

Hongchang Electronics Announcement: Mr. Xiao Zhiren, the financial director of the company, plans to reduce his holdings of the company's shares by no more than 10,100 shares (0.0089% of the total share capital) through centralized bidding trading within 3 months after 15 trading days from the date of this announcement. Mr. Xiao Zhiren currently holds 405,000 shares of the company, accounting for 0.0357% of the total share capital, which were obtained from the second phase of the restricted stock incentive plan. This divestment is due to personal financial needs. The divestment price will be determined based on market prices.