Huqin Technology: Shareholders including Zhe Shengyang plan to transfer 3.93% of the shares at an inquiry price.

Huaqin Technology announced that Zhe Shengyang, Zhou Wancheng, Huang Zhibin, and Huaqin Wansheng intend to transfer a total of 10.7256 million shares, accounting for 3.93% of the total share capital. Zhe Shengyang is the controlling shareholder, actual controller, and chairman; Zhou Wancheng is a shareholder with more than 5% stake, director, etc.; Huang Zhibin is a director and general manager; Huaqin Wansheng is an employee stock platform. The reasons for the transfer are their own capital needs. The minimum price shall not be lower than 70% of the average trading price of the stock for the 20 trading days before December 22nd. The buyers are institutional investors. This transfer will not lead to a change in the controlling shareholder of the company, but there are risks such as judicial freeze and changes in market conditions affecting the implementation.