Permanent Shareholding: Repurchase and cancel shares in 2024, controlling shareholder's shareholding increased to 49.37%.

Hengtong Group announced that the purpose of the 8.3649 million shares repurchased in 2024 will be changed from "employee stock ownership or equity incentives" to "reduce registered capital." The cancellation date is March 24, 2026. After the cancellation is completed, the total share capital will decrease from 714 million shares to 706 million shares. The shareholding ratio of the controlling shareholder and its concerted action person will passively increase from 48.79% to 49.37%. Next, the company will handle matters such as amending the articles of association and business registration changes.