Hengyin Technology announced that the company recently received a notice from the family of Ms. Wang Shuqin, a shareholder holding more than 5% of the shares, that Ms. Wang Shuqin unfortunately passed away due to illness. Ms. Wang Shuqin directly holds 444.495 million shares of the company, accounting for 8.54% of the company's total share capital. She is the mother of Jiang Haoran, the company's actual controller, and Jiang Feiran, a director. She forms a concerted action relationship with the two and Hengrong Investment Group Co., Ltd. This share succession matter will not result in a change in the controlling shareholder or actual controller of the company, and the relevant formalities are still being processed. Ms. Wang Shuqin did not hold any directors' supervisors or other positions in the company during her lifetime. Her death did not involve changes in the company's directors and supervisors, nor would it have a significant adverse impact on the company's daily production and operation.

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