Huaxiang Group: The controlling shareholder's reduction in holdings has reduced the ownership ratio to 55%, and the reduction plan has not been completed.

Huaxiang Corporation announced that its controlling shareholder, Shanxi Linfen Huaxiang Industry Co., Ltd., reduced its holdings by 691,100 shares through centralized bidding from December 1 to 24, 2025. The shareholding ratio decreased from 55.13% to 55.00%, reaching a multiple of 5%. This reduction is in line with the previously disclosed reduction plan, does not trigger a tender offer, is consistent with the disclosed plans and commitments, and will not result in a change of controlling shareholder or actual controller. As of the date of the announcement, the reduction plan has not been fully implemented, and the company will continue to monitor and disclose the follow-up situation.