HC Group (02280) announced that the group has been informed by Beijing Xing Shi Investment Management Center (Limited Partnership), Mr. Shi Zhenyi, and Ms. Sun Dongxia (all shareholders and investors of Beijing Zhaoxin) of their intention to exercise their option under the shareholder agreement dated December 1, 2025. The agreement was signed by Beijing HC Recreate Technology Co., Ltd., Mr. Zhang Yonghong, Mr. Liu Shan, Ms. Zhang Huirong, Mr. You Shengwei, Tianjin Juxin Zhongcheng Information Consulting Partnership (Limited Partnership), Mr. Shi Zhenyi, and Ms. Sun Dongxia. The investors seek to repurchase all shares of Beijing Zhaoxin (totaling approximately 20% of its issued share capital as of the announcement date). Upon completion of the buyback, Beijing Zhaoxin will remain an indirect non-wholly owned subsidiary of the company.