Sinopec Capital, a shareholder of Xinxiang Richful Lube Additive (300910.SZ), plans to reduce its holdings by up to 2.9593 million shares.

Xinxiang Richful Lube Additive (300910.SZ) announced that the shareholder China Petroleum & Chemical Corporation Group Capital Limited (referred to as "Sinopec Capital") plans to reduce its holdings of the company's shares by no more than 2.9593 million shares through centralized competitive bidding, with a reduction ratio not exceeding 1% of the total share capital of the company, accounting for 1.02% of the total number of shares of the company excluding those held in the repurchase special account.