Huaxiang Company: Controlling shareholder reducing holdings results in changes in equity reaching 1% threshold.

Huaxiang Corporation announced that in 2025, the company disclosed a plan for the controlling shareholder to reduce their holdings, intending to reduce up to 16.2051 million shares within three months, representing no more than 3% of the total share capital. On January 14-15, 2026, the controlling shareholder, Shanxi Linfen Huaxiang Industrial Co., Ltd., reduced their holdings by 10.7224 million shares through centralized bidding and block trading, reducing their shareholding from 55.00% to 53.01%. This equity change triggered a threshold of 1%. The reduction is in compliance with the previous plan, does not involve a tender offer, does not violate any commitments, will not lead to a change in control, and the reduction plan has not yet been fully implemented.