The concerted action shareholders of Lihexing Holdings have completed their reduction plan, collectively reducing 2.33 million shares, accounting for 1% of the total share capital.

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On March 20, 2026, Shenzhen Lihexing Co., Ltd. (hereinafter referred to as “Lihexing”) announced that the share reduction plan of its controlling shareholder and actual controller’s concerted actor, Jiangmen Lihexing Investment Enterprise (Limited Partnership) (hereinafter referred to as “Lihexing Investment”) and Mr. Huang Yuyue has been completed, with a total reduction of 2.3305 million shares, accounting for 1.00% of the company’s total equity.

Share Reduction Plan Completed: Total Reduction of 2.3305 Million Shares

The announcement shows that Lihexing Investment and Mr. Huang Yuyue disclosed the share reduction pre-announcement on February 11, 2026, planning to reduce a total of no more than 2.3308 million shares (accounting for 1% of the total equity) within three months after 15 trading days from the date of disclosure through centralized bidding. Recently, the company received a “Notice of Completion of Share Reduction Plan” issued by the aforementioned shareholders, confirming that the share reduction plan has been fully implemented.

Note: The shares reduced above are from the shares held prior to the company’s initial public offering and the shares obtained from the distribution of rights after listing.

Changes in Shareholding Before and After Reduction: Total Shareholding Ratio Decreased to 1.13%

According to the announcement, before this reduction, Lihexing Investment and Mr. Huang Yuyue held a total of 4.9501 million shares of the company, accounting for 2.12% of the total equity; after the reduction, they hold a total of 2.6196 million shares, accounting for 1.13% of the total equity. The specific changes in shareholding are as follows:

Compliance Statement: In Compliance with Relevant Regulations and Commitments

The announcement emphasizes that this reduction complies with the “Securities Law,” “Interim Measures for the Administration of Share Reduction by Shareholders of Listed Companies,” and “Self-Regulatory Guidelines No. 18 for Listed Companies on the Shenzhen Stock Exchange—Shareholders and Directors, Senior Executives’ Share Reduction,” and other legal regulations. Lihexing Investment and Mr. Huang Yuyue have strictly adhered to the relevant commitments made during the company’s initial public offering, and there are no violations of such commitments. This share reduction matter has been disclosed in advance as required, consistent with previously disclosed intentions and plans for reduction.

As of the date of this announcement, the share reduction plan of Lihexing Investment and Mr. Huang Yuyue has been fully implemented. The company stated that it will continue to pay attention to changes in shareholders’ holdings and will timely fulfill its information disclosure obligations in accordance with relevant regulations.

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Editor: Xiao Lang Kuaibao