Shenzhen Prince New Materials (002735.SZ) controlling shareholder has reduced their holdings of the company by a total of 1.1%.

Shenzhen Prince New Materials (002735.SZ) announced that the company has recently received a notice from its controlling shareholder and actual controller Mr. Wang Jinjun regarding the reduction of his shareholding in the company to 1%. From May 21, 2025 to June 26, 2025, Mr. Wang Jinjun will reduce his shareholding in the company by a total of 4.2013 million shares through centralized bidding and block trading, accounting for 1.1% of the total share capital of the company. The change in equity will reach 1%.