Guangdong Hongda announced that Zheng Mingchai, the obligor of information disclosure, and his co-actor, Xiamen Xinxiangjing Trading Development Co., Ltd., passively changed the shareholding ratio due to the company's implementation of equity incentives to issue restricted shares, repurchase and cancellation of some restricted shares, and non-public shares. In addition, Zheng Mingchai reduced its holdings through centralized bidding. The total shareholding ratio dropped from 6.3646% to 4.999988%. They are no longer shareholders holding 5% or more of the company's shares. Zheng Mingchai is the implementing entity of this holdings reduction, and Xinxiangjing has not reduced its holdings. The information disclosure obligor does not rule out the possibility of increasing or decreasing the company's shares within the next 12 months.

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