Dongguan Changlian New Materials Technology (301618.SZ) plans to reduce their total shareholding by no more than 4.37% by three shareholders.

Dongguan Changlian New Materials Technology (301618.SZ) announced that the company has recently received a Notice of Share Reduction Plan from shareholder Mr. Mai Youpan, who holds more than 5% of the shares, shareholder Fuhai New Materials, who also holds more than 5% of the shares, and director and vice general manager Mr. Lu Runchu. The above-mentioned shareholders intend to reduce their total shareholding in the company by no more than 4.37% of the total share capital.