HIPINE (02583) controlling shareholder and major shareholder make voluntary commitment not to reduce shareholding

HIPINE (02583) announced that, based on their long-term firm confidence in the company's business growth potential, core competitiveness and industry development prospects, and in order to maintain the stability of the company's share price and confidence in the capital market, and to safeguard the lawful rights and interests of all shareholders of the company, especially minority shareholders, each controlling shareholder and major shareholder Jinyingu Investment has made a voluntary commitment to the company not to reduce shareholding. During the twelve (12) month period commencing from the date of this announcement, they will not, directly or indirectly, reduce any H shares held by them in any manner. The board of directors believes that the voluntary non-reduction commitment reflects that each controlling shareholder and Jinyingu Investment recognize the group's long-term value and their commitment to the company's sustainable development, and is in the overall interest of the company and all shareholders.