Hengshi Technology: Intends to sell a portion of its stake in its affiliated company.

Hengshi Technology announcement, the company plans to transfer 11.88 million shares of Weiyi Group held at a price of 109 million yuan, accounting for 15.53% of its total share capital. After the transaction is completed, Hengshi Technology will continue to hold 16.77 million shares of Weiyi Group, accounting for 15.53% of its total share capital. This transaction aims to improve the financial situation and alleviate financial pressure, it is expected to increase the company's operating funds, provide financial support for business expansion, and promote the stable development of the company.