Huahong Company announced that its shareholder, Xinxin Investment Co., Ltd., reduced its shareholding in the company's listed in hong kong by 17.726 million shares from September 30, 2024, to December 2, 2024, with a reduction ratio of 1.03%. Before the equity change, Xinxin Hong Kong held 0.16 billion shares of the company's listed in hong kong, accounting for about 9.33% of the total share capital; after the equity change, Xinxin Hong Kong held 0.143 billion shares of the company's listed in hong kong, accounting for approximately the same ratio. This equity change does not trigger a tender offer and will not result in a change of the company's controlling shareholder and actual controller.