Shareholder Ningbo Liyi of Zhejiang Jinsheng New Materials (300849.SZ) intends to reduce its shareholding by no more than 2%.

Zhejiang Jinsheng New Materials (300849.SZ) announced that shareholder Ningbo Liyi Entrepreneurship Investment Center (Limited Partnership) (referred to as "Ningbo Liyi") plans to reduce its holdings of the company's shares by a total of no more than 3 million shares within 3 months after 15 trading days from the disclosure of this announcement, through centralized bidding or block trading, i.e. not exceeding 2.00% of the company's total share capital.