Hongda High-Tech Holding announced that recently, seizing market opportunities, the company sold some of its holdings in Haining China Leather Market stocks (hereinafter referred to as the "current transaction"). As of the announcement date, the company sold a total of 11.15 million shares of Haining China Leather Market through centralized auction trading on the stock exchange, at an average price of 6.4268 yuan per share, with a total transaction amount of 71.6589 million yuan (net of stamp duty and transaction commission). The company's shareholding in Haining China Leather Market after this shareholding reduction accounts for 0.87% of the total share capital. After this shareholding reduction, the company still holds a total of 19.15 million unrestricted shares of Haining China Leather Market, accounting for 1.49% of the total share capital.