Hengxing New Materials: The shareholder reduction plan has expired, with an actual reduction of 1.47% of the shares.

Jiangsu Hengxing New Material Technology Co., Ltd. announces the results of shareholder reduction of shares. Before the implementation of this reduction plan, shareholders Jin Pudiaotiao and Su Shang Investment, as concerted actors, collectively held 11,062,589 shares of the company's unrestricted circulating stock, accounting for 5.33% of the total share capital. The reduction plan was disclosed on April 24, with a planned reduction of not more than 6,229,484 shares, accounting for not more than 3.00% of the total share capital. By the end of the reduction plan on August 20, the two shareholders actually reduced a total of 3,056,091 shares, accounting for 1.47% of the total share capital. Among them, Su Shang Investment completed the reduction plan and currently holds no shares; Jin Pudiaotiao did not complete the reduction and still holds 8,006,498 shares, accounting for 3.86%.