Huaqin Technology (03296.HK): Three Major Shareholders Reduce Holdings by 4.106 Million Shares; Total Cash Proceeds Approx. RMB 319 Million

NewTimeSpace News: Huaqin Technology Co., Ltd. (stock code: 603296.SH / 3296.HK) announced on July 21 the results of its shareholders' share reduction.

On June 23, 2026, the Company disclosed the shareholder share reduction plan announcement. Due to own funding needs, shareholders Hainan Qinyuan Venture Investment Partnership (L.P.), Hainan Chuangjian Venture Investment Partnership (L.P.), and Hainan Huaxiao Venture Investment Partnership (L.P.) planned to reduce their shareholdings through centralized competitive bidding and block trading within three months after 15 trading days from the disclosure of the reduction plan, with a total reduction not exceeding 4,105,700 shares.

Recently, the Company received reduction result notification letters from the above shareholders. Hainan Qinyuan reduced a total of 882,260 shares through centralized competitive bidding from July 15 to July 20, 2026, at a price range of RMB 74.30–81.08 per share, with total proceeds of RMB 68,641,898.20, representing a 0.06% reduction; current holdings are 69,229,182 shares (4.57%). Hainan Chuangjian reduced 495,900 shares at RMB 75.00–80.91 per share, with total proceeds of RMB 38,643,530.80, representing a 0.03% reduction; current holdings are 66,923,508 shares (4.41%). Hainan Huaxiao reduced 2,727,464 shares at RMB 73.53–81.14 per share, with total proceeds of RMB 211,512,777.56, representing a 0.18% reduction; current holdings are 61,898,715 shares (4.08%).

Prior to this reduction, Hainan Qinyuan held 70,111,442 shares (4.62%), Hainan Chuangjian held 67,419,408 shares (4.45%), and Hainan Huaxiao held 64,626,179 shares (4.26%). The above shares were all obtained before the Company's IPO and through capital reserve conversion to share capital via equity distribution. This reduction plan has been fully implemented, and the actual reduction is consistent with the previously disclosed plan.

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