Haitong International: The controlling shareholder and the concerted parties intend to collectively reduce their shareholdings by no more than 3%.

Han Xing International announced on the evening of May 19th that the executive partners of the shareholders of the company, Hangzhou Xianning Investment Partnership Enterprise, Hangzhou Wanning Investment Partnership Enterprise, Hangzhou Hongning Investment Partnership Enterprise, Hangzhou Denning Investment Partnership Enterprise, and Hangzhou Yining Investment Partnership Enterprise, are all controlled by the company's controlling shareholder Wang Laixing, acting in concert as the company's controlling shareholder. The limited partnership enterprises intend to reduce their holdings of the company's stock through centralized bidding and block trading, totaling no more than 12.31 million shares, or 3% of the company's total share capital, for their own capital needs. The company's controlling shareholder, directors, and senior executives will not participate in this reduction of holdings.