Hithink Royalflush chairman halts planned share sale

Hithink Royalflush Information Network announced that its controlling shareholder, chairman, and actual controller, Mr. Yi Feng, has prematurely terminated his previously disclosed plan to reduce his stake in the company. Mr. Yi Feng had intended to sell up to 684,000 shares, representing 0.13% of the company's total share capital, which were acquired in April 2022 when the stock price was deemed undervalued.

As of the announcement date, Mr. Yi Feng has not sold any shares, and his holding remains unchanged. He currently holds 194,221,000 shares, comprising 145,665,750 restricted shares and 48,555,250 unrestricted shares, accounting for 36.13% of the company's total share capital. Notably, Mr. Yi Feng has not reduced his holdings since the company's listing on December 25, 2009.

The early termination of the share reduction plan complies with relevant regulations and will not lead to a change in company control. Hithink Royalflush emphasized its stable operational status and clear development plans, reaffirming its commitment to transparent communication with investors. The share reduction plan by another shareholder, Hangzhou Kaisishun Technology Co., Ltd., remains unchanged.