友发集团高管韩德恒拟减持不超395.48万股，占总股本0.27%

Group 1 - The core point of the announcement is that Tianjin Youfa Steel Pipe Group Co., Ltd. disclosed a pre-announcement regarding the share reduction plan by its senior executive, Han Deheng, due to personal financial needs [1][3]. Group 2 - As of the announcement date, Han Deheng holds 15.819 million shares, representing 1.09% of the company's total share capital, all of which were acquired before the company's initial public offering and became tradable on December 9, 2021 [2]. Group 3 - Han Deheng plans to reduce his holdings by up to 3.95475 million shares, which accounts for 0.27% of the company's total share capital and 25% of his holdings, during the period from September 18, 2025, to December 17, 2025 [3]. - The reduction will be executed through centralized bidding or block trading, with the price determined by market conditions. Adjustments will be made if there are any corporate actions affecting share capital during the reduction period [3].