Hongxin Technology: Shareholders Bai Qiang and Taizhou Qixin's reduction plan has been completed, reducing a total of 3.84% of the company's shares.

Hongxin Technology announced on the evening of September 24th that the company's shareholders Bai Qiang and Taizhou Qixin Enterprise Management Consulting Partnership have completed their plans to reduce their holdings, holding more than 5% of the company's shares. Bai Qiang reduced his company's shares by a total of 3.8823 million shares through centralized bidding and block trading, accounting for 2.62% of the company's total share capital. Taizhou Qixin reduced his company's shares by a total of 1.81 million shares through centralized bidding and block trading, accounting for 1.22% of the company's total share capital. The reduction period was from June 25, 2025 to September 24, 2025, and the reduction price range was from 16.09 yuan/share to 20.53 yuan/share. The reason for the reduction was the shareholders' own capital needs.