Huichen Co., Ltd. announced that on November 21, 2024, it received a notification letter regarding the shareholding reduction plan from shareholder Hainan Jinhui Investment Co., Ltd. Due to the shareholder's own funding needs, Huichong Investment plans to reduce its total shares by no more than 2.2282 million shares, not exceeding 3.00% of the company's total share capital, through centralized bidding and block trading within three months after fifteen trading days from the date of this announcement. The reduction price will be determined based on market prices.