Hangdian Corporation: Shareholders with 5% or more shareholding and their concerted parties reduce their shareholding to 50% or below.

Hangdian Corporation announced that as of June 17, shareholder Fuchun River Communication Group had reduced its holdings by a total of 2.3422 million shares through centralized bidding and block trading from June 3 to 17, accounting for 0.34% of the company's total share capital. Its shareholding ratio with the concerted action person decreased from 50.34% to 50.00%, triggering a change in equity of a multiple of 5%. This reduction was part of a previously planned arrangement, not yet completed, and will not result in changes to the controlling shareholder or actual controller, nor does it violate any relevant regulations.