Economic Observation Network When Changzhou Hongtu, a shareholder of Hong Technology, completed the share agreement transfer, the controlling shareholder's shareholding ratio decreased.

Changes in Shareholders' Shares:
On July 3rd, Changzhou Hongtu, a shareholder of the company, transferred its 5.0632% stake (5.6 million shares) to Juli Qilin No.2 for a total price of RMB 163 million at a price of RMB 29.04 per share After the transfer, the actual controller Sun Yanlong's total shareholding ratio through the platforms he controls decreased to 34.31%. This is a major shareholder level equity structure adjustment.

The above content is based on publicly available information and does not constitute investment advice.