Huaqin Co., Ltd. disclosed that Chairman, General Manager and Executive Director Mr. Qiu Wensheng has completed his previously announced share-purchase plan, acquiring 177,220 A shares on the Shanghai Stock Exchange via centralized bidding during the implementation window.
Following the RMB 11.27 million transaction, Mr. Qiu’s direct holding rose from 68.86 million shares to 69.04 million shares, increasing his individual equity interest from 4.51% to 4.55% of Huaqin’s total issued share capital (which includes 7.84 million treasury A shares).
Including the positions of parties acting in concert—Shanghai Aoqin Information Technology, Shanghai Haixian Information Technology, Fujian Yuexiang Investment Partnership, and Mr. Qiu Wenhui—the concert-party group now controls 617.52 million shares, equal to 40.74% of the company’s outstanding shares.
Legal counsel Zhonglun Law Firm confirmed that the purchase complied with PRC Securities Law and Shanghai Stock Exchange regulations. The transaction does not trigger a mandatory takeover offer, alter the company’s controlling shareholder structure, or affect its listing status and day-to-day operations.
With the completion of this program, the chairman has reached the lower limit set in his October 2026 share-purchase plan, and no further acquisitions are required under that mandate.
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