Hangzhou High-tech: Shareholder Wan Renzhong's 4.61% stake will be auctioned off judicially.

Hangzhou High-tech announced that the 5.8337 million shares held by shareholder Wanren Zhongying will be auctioned off by the judiciary. The auction will be conducted by the People's Court of Boshan District, Zibo City on October 16th to 17th, 2025, with the auction platform being the Shandong Property Rights Exchange Center. Wanren Zhongying is not a controlling shareholder or actual controller of the company, so this auction will not lead to a change in control of the company, nor will it have a significant adverse impact on the company's production, operation, and governance structure.