HIFICHEM announced that the company's actual controller, Mr. Xu Huixiang, has completed the release of part of the pledged shares. The number of shares released from pledge is 2 million shares, accounting for 4.14% of his holdings and 0.49% of the company's total share capital. The pledge start date is April 14, 2023, and the release date is April 15, 2025, with the pledgee being Huaneng Guicheng Trust Co., Ltd