Hua Shi Technology announced that the company's Director and senior management members Wen Zhiwei, Chen Biling, and senior management members Chen Jianghai and Ye Haizhen plan to reduce the company's Shareholding through centralized bidding within three months after 15 trading days from the date of this announcement. The specific Shareholding reduction plan is as follows: Wen Zhiwei intends to reduce no more than 0.9716 million shares (accounting for 0.8520% of the total share capital), Chen Jianghai intends to reduce no more than 0.3439 million shares (accounting for 0.3016% of the total share capital), Chen Biling intends to reduce no more than 0.1605 million shares (accounting for 0.1407% of the total share capital), and Ye Haizhen intends to reduce no more than 0.1241 million shares (accounting for 0.1088% of the total share capital). This reduction is due to the Shareholder's own funding needs, and the shares are sourced from those held prior to the company's initial public offering. The reduction price will be determined based on the secondary market price at the time of reduction, and will not be lower than the issuance price.