Hongxin Electronics announced that the company reviewed and passed a bill to repurchase and cancel some restricted shares. It plans to repurchase and cancel 2,074.64 million restricted shares of the 2024 Restricted Stock Incentive Plan at a price of 7.04 yuan/share that cannot be completely lifted during the period when sales restrictions are lifted, reducing registered capital accordingly. After the repurchase and cancellation is completed, the total share capital of the company will be changed to 488.1531.27 million shares, and the registered capital will be changed to 488.1531.27 million yuan. The company's creditors have the right to demand settlement of debts or provide corresponding guarantees from the company within 30 days from the date of receipt of the notice, and within 45 days from the date of publication of the notice if they have not received the notice.

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