Huafeng Test & Control executive completes share reduction

Beijing Huafeng Test & Control Technology announced that its actual controller, director, and senior manager, Xu Jie Shuang, completed a share reduction plan. Xu, who held 45,999 shares (0.0339% of the total share capital) obtained through equity incentives, had planned to reduce his holdings by up to 11,400 shares (0.01% of the total share capital).

The reduction was carried out via centralized bidding between November 25, 2025, and November 27, 2025. A total of 11,400 shares were sold within a price range of 169 yuan to 170.5 yuan per share, resulting in a total transaction value of 1,934,400 yuan.

Following the completion of this plan, Xu's current shareholding stands at 34,599 shares, representing 0.03% of the company's total share capital. The company confirmed that the reduction adhered to the previously disclosed plan and relevant regulations.