Huaxin Yongdao's two major shareholders have completed their share reduction, cashing out a total of approximately 25.3554 million yuan.

On March 12, 2026, Huaxin Yongdao (Beijing) Technology Co., Ltd. (hereinafter referred to as “Huaxin Yongdao”) announced the results of its major shareholders holding over 5% reducing their shares, disclosing the recent implementation of share reduction plans by the company’s two major shareholders, Shanghai Yunxin Venture Capital Co., Ltd. (hereinafter “Shanghai Yunxin”) and Zhongfang Fund (Dalian) Limited Partnership (hereinafter “Zhongfang Fund”). Among them, Shanghai Yunxin has completed its reduction plan, while Zhongfang Fund’s plan is still in progress.

Implementation of the Reduction Plan

The announcement shows that Shanghai Yunxin reduced 403,900 shares through centralized bidding from March 6 to March 11, 2026, representing 0.4999% of the company’s total share capital. The reduction price ranged from 34.33 yuan/share to 36.58 yuan/share, with a total reduction amount of approximately 14.2164 million yuan. After this reduction, Shanghai Yunxin’s holdings decreased from 7,730,125 shares to 7,326,225 shares, and its ownership percentage dropped from 9.5676% to 9.0677%.

Zhongfang Fund reduced 250,000 shares via centralized bidding from January 12 to March 12, 2026, accounting for 0.3094% of the company’s total share capital. The reduction price ranged from 34.00 yuan/share to 49.11 yuan/share, with a total reduction amount of about 11.1389 million yuan. After this reduction, Zhongfang Fund’s holdings decreased from 5,402,973 shares to 5,152,973 shares, and its ownership percentage fell from 6.6873% to 6.3778%. Its reduction plan is still ongoing.

Shareholding Changes Before and After the Reduction

Consistent with Previous Plans, Not Terminated Early

The announcement clearly states that this reduction is consistent with the previously disclosed plans and commitments by the shareholders. After the scheduled period, there are no unimplemented reductions or early terminations of the plan. Shanghai Yunxin has completed its reduction plan, while Zhongfang Fund will decide on further reductions based on market conditions and its own needs.

Huaxin Yongdao states that the company’s board of directors and all members guarantee that the content of this announcement is true, accurate, complete, and free from false records, misleading statements, or major omissions.

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