Haxc Holdings announced that shareholder and director Mr. Xiao Yan plans to reduce the company's shares by no more than 0.8 million shares, accounting for 1% of the total share capital, through centralized bidding or block trade from December 11, 2024 to March 10, 2025. As of the disclosure date of this announcement, Mr. Xiao Yan holds 10.0668 million shares, representing 12.58% of the total share capital. The reduction price will be determined based on the market price and trading method at the time of the reduction. Mr. Xiao Yan does not have any prohibited reduction circumstances, and the reduction plan is consistent with the previously disclosed shareholding intentions and commitments. The implementation of this reduction plan will not change the company's controlling interest or have any impact on the governance structure and ongoing operations of the company.