Hithink Royalflush shareholders to cut stakes

Hithink Royalflush Information Network Co. announced its controlling shareholder and actual controller, Yi Feng, and Hangzhou Kaishun Technology Co., a shareholder holding over 5% of the company's shares, intend to reduce their holdings. The total planned reduction will not exceed 1,383,100 shares, representing 0.26% of the company's total share capital. Sales will occur within three months, starting 15 trading days from September 29, 2025, to December 28, 2025.

Yi Feng, who is also the company's chairman and general manager, plans to sell up to 684,000 shares, or 0.13% of the total share capital, from shares he previously acquired. Following this reduction, Yi Feng's shareholding will remain at 36.00%, ensuring no change in the company's control. Hangzhou Kaishun Technology plans to sell up to 699,100 shares, also representing 0.13% of the total share capital, from shares acquired before the company's initial public offering.

Yi Feng's reduction is to optimize personal resource allocation, focus on strategic development, and enhance market liquidity, while Kaishun Technology's reduction is for its own capital needs. The company noted that the actual implementation, timing, and price of the reductions are subject to market conditions.