Core Viewpoint - The controlling shareholder of Hesheng Silicon Industry plans to exchange up to 1% of the company's shares to support the development of the ETF market and optimize the company's equity structure [1] Group 1 - The controlling shareholder, Ningbo Hesheng Group Co., Ltd., intends to participate in the exchange of shares for ETF units within three months starting from 15 trading days after the announcement [1] - The maximum number of shares to be exchanged is 11.822 million, which represents no more than 1% of the company's total share capital [1] - The exchange period is set from July 26, 2025, to October 25, 2025 [1]