Hengfeng Information Technology announced that the company and its subsidiaries received a total of RMB 1.4848 million in government subsidies from July 1, 2024 to November 11, 2024, accounting for 8.80% of the net income attributable to the shareholders of the listed company in the most recent audited fiscal year. The government subsidy amount did not meet the disclosure standards as required, so the company voluntarily disclosed the details of the government subsidies received. All subsidies received are related to income, and are expected to increase the company's total profit for the year 2024 by RMB 1.4848 million.