宏发股份：关于控股股东权益变动触及1%刻度的提示性公告

Summary of Key Points - The company Hongfa Co., Ltd. announced on November 20 that from November 3, 2020, to November 19, 2025, Youge Investment Co., Ltd. will reduce its shareholding through block trading by 2,395,230 shares [1] - Due to the conversion of "Hongfa Convertible Bonds" and the implementation of a capital increase plan, the total share capital of the company has increased, resulting in Youge Investment's shareholding percentage decreasing from 27.67% to 26.94% [1]