Hongxing Corporation: The stock price has decreased by over 20% for three consecutive days due to shareholder divestment.

Hongxing Corporation announced that the company's stock had a cumulative price deviation exceeding 20% for three consecutive trading days from March 2nd to March 4th, 2026, indicating abnormal fluctuations. After verification, the company's operations are normal, both internal and external environments have not changed, and there are no undisclosed matters that should be disclosed. Prior to this, the controlling shareholder, actual controller, and their concerted actions planned to reduce their holdings by no more than 1,277,000 shares from February 12th to May 11th. During the abnormal fluctuation period, Shantou Runying reduced holdings by 89,900 shares, and Shantou Zhoumi reduced holdings by 59,700 shares. In addition, the company expects a net profit of 17-21 million yuan in 2025, a year-on-year decrease of 73.84%-78.82%.