Pinwo Food: The controlling shareholder and actual controller, Wang Mu, plan to reduce their holdings of the company's shares by no more than 3%.

Hinao Food announced that the company's controlling shareholder and actual controller, Wang Mu, plans to reduce his holdings of the company's shares through centralized competitive trading and block trading within three months after the day of this reduction plan announcement, not exceeding a total of 2,970,111 shares, or 3% of the company's total share capital. The reduction period is from September 20, 2025 to December 19, 2025. The reduction price will be based on market prices, with no share price lower than the issuance price. The implementation of the reduction plan will not lead to a change in the company's controlling rights.