On March 22, GLONGHUI (605050.SH) announced that on March 22, 2024, the company received a “Notice Letter on Early Termination of the Holdings Reduction Plan” issued by shareholder Xing Sheng Partners. As of the date of this announcement, Xingsheng Partners has reduced the total number of company shares by 10,932,948 shares through bulk transactions and centralized bidding transactions, accounting for 2.22% of the company's total share capital; after the completion of this reduction plan, Xingsheng Partners held 20,567,052 shares, accounting for 4.17% of the company's total share capital. As a specific shareholder of the company, Xingsheng Partners has voluntarily terminated the share reduction plan early.