Huaxing Original Creation shareholders announce stock sale

Suzhou HYC Technology has announced that two major shareholders, Suzhou Yuankea and Suzhou Yuanfen, plan to reduce their holdings by a combined total of up to 4,000,000 shares. This represents approximately 0.90% of the company's total share capital. Each entity intends to sell up to 2,000,000 shares, or 0.45% of the total, through centralized bidding and block trading.

The planned reduction, driven by the shareholders' capital needs, will take place over three months, commencing 15 trading days after the announcement date and concluding on January 29, 2026. The shares involved were acquired prior to the company's initial public offering (IPO) and became tradable on July 22, 2022.

Despite the significant sale, Suzhou Yuankea and Suzhou Yuanfen, both employee shareholding platforms and acting in concert with the controlling shareholder, have stated that this reduction will not alter the company's controlling shareholder or impact its stable operations.