Hongyu Packaging Materials: Xi Dafeng plans to reduce his stake in the company by no more than 2%.

Hongyu Packaging Materials Announcement: Shareholder Xi Dafeng, who holds more than 5% of the shares, plans to reduce his holdings. Xi Dafeng intends to reduce no more than 1.6267 million shares, accounting for 2% of the total share capital of the company, through centralized bidding and block trading within three months after 15 trading days from the date of this announcement. Xi Dafeng currently holds 18.2998 million shares, accounting for 22.4998% of the total shares. The reason for this reduction is the shareholder's own capital needs.