Hongde Co., Ltd. announced that Yang Jinde, the controlling shareholder and actual controller, and his co-actor, Nantong Yuexiang, intend to reduce their holdings. Yang Jinde directly holds 35,059,208 shares and indirectly holds 23,558 shares, and plans to reduce its holdings by no more than 2,293,000 shares; Nantong Yuexiang holds 1,136,718 shares, and plans to reduce its holdings by no more than 155,000 shares. The holdings reduction period is from December 30, 2025 to March 27, 2026. The reason for the holdings reduction was the need to use capital, and the methods for reducing holdings were centralized bidding and bulk transactions.

Hongde Co., Ltd. announced that Yang Jinde, the controlling shareholder and actual controller, and his co-actor, Nantong Yuexiang, intend to reduce their holdings. Yang Jinde directly holds 35,059,208 shares and indirectly holds 23,558 shares, and plans to reduce its holdings by no more than 2,293,000 shares; Nantong Yuexiang holds 1,136,718 shares, and plans to reduce its holdings by no more than 155,000 shares. The holdings reduction period is from December 30, 2025 to March 27, 2026. The reason for the holdings reduction was the need to use capital, and the methods for reducing holdings were centralized bidding and bulk transactions.