Hongchang Technology: Shareholders plan to reduce their holdings by no more than 43,000 shares, accounting for 0.33% of the total share capital.

Hongchang Technology announced that its shareholder, Jinhua Honghe, holds 1.2616 million shares of the company, accounting for 0.97% of the total share capital. Due to capital needs, Jinhua Honghe plans to reduce its holdings by no more than 430,000 shares, accounting for 0.33% of the total share capital, through centralized bidding or block trading within 3 months after the announcement date for 15 trading days. The company's board secretary, She Yan, and CFO, Tao Jue, plan to indirectly reduce their holdings by no more than 25% of the total number of shares they hold in the company through this reduction. This reduction will not have a significant impact on the company's governance structure and future operations, nor will it lead to a change in control.