Fujian Supertech Advanced Material (688398.SH) controlling shareholder plans to reduce its shareholding by no more than 3%.

Fujian Supertch Advanced Material (688398.SH) announced that the company's controlling shareholder, actual controller, and chairman Wang Kunming, due to personal financial needs, intend to reduce their holdings of the company's shares by a total of no more than 5.0344 million shares through block trading and centralized bidding, not exceeding 3% of the company's total share capital.