According to Huada's Jiutian announcement, China Integrated Circuit Industry Investment Fund Co., Ltd., the shareholder holding 5% or more of the company's shares, plans to reduce its total holdings of the company's shares by no more than 5.4787 million shares through centralized bidding and bulk transactions within three months after 15 trading days from the date of disclosure of the announcement, that is, no more than 1% of the company's total share capital. The reason for the reduction in holdings was due to the needs of its own operation and management. The source of the shares was shares before the initial public offering, and the reduced holdings price was determined according to the market price and transaction method at the time of implementation. This reduction in holdings will not lead to a change in the company's control, nor will it have a significant impact on the company's governance, shareholding structure and continuous operation.

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