Hongyu Packaging: Xi Dafeng plans to reduce his stake by 2%

Hongyu Packaging Materials announces that shareholder Xi Dafeng, who holds more than 5% of the shares, plans to reduce his holdings by 1.6267 million shares, accounting for 2% of the company’s total share capital. The reduction will be carried out through centralized bidding and block trades. The reduction period is within three months after 30 trading days from the date of the announcement, and the reduction price will be determined based on market prices. This reduction is due to the shareholder’s own financial needs, and the shares being reduced were acquired before the listing on the Beijing Securities Exchange. Xi Dafeng previously promised to be optimistic about the company’s development prospects and will strictly adhere to the share lock-up arrangements and reduction commitment. Currently, Xi Dafeng has not violated his previous commitments.