The major shareholder of Wankai New Materials (301216.SZ), Topai Xingfeng 6th Fund, plans to reduce its shareholding by no more than 1%.

Wankai New Materials (301216.SZ) announcement that shareholder Shanghai Tuopai Private Equity Fund Management Co., Ltd.-Tuopai Xingfeng No.6 Private Equity Securities Investment Fund ("Tuopai Xingfeng No.6 Fund") plans to reduce its holdings by no more than 5.1 million shares, or 1% of the total share capital excluding shares held in the repurchase account, through centralized bidding or block trading within 3 months starting from 15 trading days after the date of this announcement (i.e. from December 6th, 2024 to March 5th, 2025).