According to the Heilongjiang Transportation announcement, the plan to reduce the holdings of Hangzhou Heying No. 1 Enterprise Management Partnership, a shareholder holding 5% or more of the shares, has been implemented. Hangzhou Hewin originally held 78 million shares of the company, accounting for 5.93% of the total share capital. From October 17 to December 4, 2025, it reduced its holdings by 1.3546 million shares through centralized bidding, accounting for 1% of the total share capital. The reduced price was 3.51-3.73 yuan/share, and the total amount of holdings was reduced by 476.913 million yuan. As of the disclosure date of the announcement, Hangzhou Hewin's shareholding fell to 649.454 million shares, accounting for 4.97% of the total share capital.

According to the Heilongjiang Transportation announcement, the plan to reduce the holdings of Hangzhou Heying No. 1 Enterprise Management Partnership, a shareholder holding 5% or more of the shares, has been implemented. Hangzhou Hewin originally held 78 million shares of the company, accounting for 5.93% of the total share capital. From October 17 to December 4, 2025, it reduced its holdings by 1.3546 million shares through centralized bidding, accounting for 1% of the total share capital. The reduced price was 3.51-3.73 yuan/share, and the total amount of holdings was reduced by 476.913 million yuan. As of the disclosure date of the announcement, Hangzhou Hewin's shareholding fell to 649.454 million shares, accounting for 4.97% of the total share capital.