Zhejiang Rongtai Electric Material (603119.SH) and its controlling shareholders plan to reduce their holdings by no more than 1.68% of the shares.

Zhejiang Rongtai Electric Material (603119.SH) released an announcement stating that the company's controlling shareholder, actual controller, and their concerted actors Ge Tairong, Ge Tailiang, and Shanghai Chaotai need to reduce their holdings for funding purposes. They intend to sell no more than 6,598,400 shares (or no more than 1.3954% of the total share capital) through centralized bidding and no more than 899,900 shares (or no more than 0.1903% of the total share capital) and no more than 445,700 shares (or no more than 0.0943% of the total share capital) during the period from September 24, 2026, to December 23, 2026, while complying with relevant laws and regulations. The above-mentioned shareholders plan to reduce their holdings by no more than 4,728,600 shares (or no more than 1% of the total share capital) through centralized bidding and by no more than 3,215,500 shares (or no more than 0.68% of the total share capital) through bulk transactions.