HUAQIN (03296.HK): Chairman Qiu Wensheng to Increase A-share Holding by RMB10million

NewTimeSpace News: On 29 October 2026, Huaqin Co., Ltd. (stock code: 03296, A-share code: 603296.SH) announced that Mr. Qiu Wensheng, Chairman of the Board, general manager and executive Director, plans to increase his direct A-share holding using his own funds. Mr. Qiu currently holds 68,864,456 shares directly (including 68,314,456 A Shares and 550,000 H Shares), representing approximately 4.5431% of total issued shares (including 7,835,445 A Shares repurchased by the Company as of the announcement date).

Mr. Qiu intends to increase his direct A-share holding via the Shanghai Stock Exchange trading system through centralized bidding within three months from 30 October 2026 (inclusive), for an aggregate amount of RMB10,000,000, with the implementation period from 30 October 2026 to 29 January 2027; no price range is set and the consideration will be determined by prevailing market conditions. He has committed not to reduce his direct shareholding during the implementation period and the relevant statutory restriction period under applicable laws.

The increase reflects Mr. Qiu's confidence in the Company's stable future development and recognition of its long-term investment value, aiming to boost investor confidence and protect shareholder interests; the Company cautions that the plan may not be fully implemented as expected due to market changes or other unforeseeable risks.