Hunan Tianyan: 106,470 shares of restricted shares subject to stock reform will be listed for trading on January 5, 2026.

Hunan Tianyan announcement stated that the total number of restricted shares to be listed after this stock reform is 106,470 shares, with the listing date set for January 5, 2026, involving shareholders Zhang Defeng and Cai Yinqi. Since the implementation of the equity reform, the company's share capital and the proportion of shareholding of shareholders have changed. From 2019 to 2025, due to additional issues, incentive plan grants, and cancellations, the total share capital fluctuated between 10.65 billion and 10.73 billion shares. As of the disclosure date of the announcement, the proportion of restricted tradable A shares to the total share capital was 0.78%. Prior to this, the company has had 15 instances of restricted shares being listed for trading, and the sponsoring institution believes that the listing of restricted shares this time meets the regulations and has no substantive obstacles.