Hanshang Group announced that the company changed the use of 6,024,130 shares in the special securities account to repurchase unused shares from employee stock ownership plans or share incentives to cancellation and reduction of registered capital. The cancellation date is September 2, 2026. After the cancellation is completed, the total share capital of the company will be reduced from 295,032,402 shares to 289,008,272 shares, and the registered capital will be reduced simultaneously. After this cancellation, the shareholding ratio of the controlling shareholder Zhuoer Holdings and Yan Zhi, its co-actor, will passively increase from 31.38% to 32.04%, and the shareholder Wuhan Hanyang Investment and Development Group's shareholding ratio will passively increase from 26.93% to 27.49%. The company's control will not change, and the listing status will not be affected.

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