According to the Zhitong Finance App, Xiaosong Co., Ltd. (002723.SZ) announced that the controlling shareholder of the company, Shenzhen Huaxin Chuangli Technology Industrial Development Co., Ltd. (“Huaxin Chuangli”), reduced its holdings of the company by a total of 1,253 million shares, accounting for 0.394% of the total share capital. The period of this holdings reduction plan has expired.

Among the above holdings reduction, Huaxin Chuangli's holdings reduction of 953,000 shares on September 4, 2023 violates the relevant requirements of the China Securities Regulatory Commission's “Further Regulating Share Reduction Behavior”. Huahin Chuangli is deeply aware of this mistake in reducing its holdings of the company's shares in violation of regulations, and has made the following promise: Huahin Chuangli, the controlling shareholder of the company, promised to purchase the 953,000 shares of the company whose holdings were reduced in violation of regulations as soon as permitted by the rules. If this part of the share repurchase were to be repurchased, all of the proceeds involved in this part of the share purchase would be owned by the listed company.