Jilin Chemical Fibre Stock (000420.SZ): Fangda Investment plans to reduce its shareholding by no more than 2%.

Jilin Chemical Fibre Stock (000420.SZ) announced that its shareholder Shanghai Fangda Investment Management Co., Ltd. (referred to as "Fangda Investment") with a 6.95% stake, due to operational needs, will reduce its holdings of the company's shares through centralized bidding trading on the stock exchange within three months after the disclosure of this announcement (from December 8, 2025 to March 7, 2026) by a total of no more than 24.5887 million shares, which is not more than 1% of the total share capital of the company; and through block trading, reduce its holdings of the company's shares by a total of no more than 24.5887 million shares, which is not more than 1% of the total share capital of the company.