Chongqing Sifang New Material (605122.SH) director Yang Yong plans to reduce his shareholding by no more than 115,500 shares.

Chongqing Sifang New Material (605122.SH) announced that director Yang Yong plans to reduce his holdings of the company's unrestricted tradable shares by no more than 115,500 shares, or 25% of his holdings, within 3 months starting from the day of this announcement, through centralized bidding, for his own financial needs. The selling price will be based on the market price at the time of the sale.