Hubei Jianghan New Materials (603281.SH) intends to reduce its holdings by no more than 0.48% of its shares, according to He Xufeng, Chairman of the Supervisory Board.

Hubei Jianghan New Materials (603281.SH) issued an announcement that, due to its own capital needs, the chairman of the board of supervisors, He Xufeng, intends to reduce his holdings of the company's shares by a total of no more than 1.8 million shares through the Shanghai Stock Exchange trading system by way of centralized bidding, not exceeding 0.48% of the total number of company shares. The reduction plan will be implemented within 3 months after 15 trading days from the date of the announcement.