The controlling shareholder of Zhejiang Xidamen New Material (605155.SH) intends to reduce its holdings by no more than 157,000 shares.

Zhejiang Xidamen New Material Co., Ltd. (605155.SH) announces that within 3 months after the disclosure of this announcement, the controlling shareholder of the company's concerted actors Zhang Xiangjuan, Liu Xiaohua, and Wang Weirong plan to collectively reduce their unrestricted tradable shares in the company by no more than 157,000 shares through centralized bidding, accounting for 0.0821% of the company's total share capital, after 15 trading days from the disclosure of this announcement.