HJBG announced that the chairman and general manager Bi Ling plans to reduce his holdings by no more than 375,000 shares through centralized bidding from November 14, 2025, to February 13, 2026, accounting for 0.0510% of the company's total share capital; employee representative director Yao Lan also plans to reduce his holdings by no more than 47,425 shares through centralized bidding during the same period, accounting for 0.0065% of the company's total share capital. The shares to be reduced by both individuals are derived from equity incentives, and the reason for the reduction is personal funding needs