Zhonglun New Material: Shareholder Strai intends to reduce its holding of the company's shares by no more than 2%.

Zhonglun New Material announced that the shareholder Strait Co, Ltd., holding 9.750% of the company's shares, plans to reduce its holdings by no more than 8.0002 million shares, accounting for 2.000% of the total share capital, within 90 natural days after 15 trading days from the date of the announcement due to its own funding needs. Of these, no more than 4.0001 million shares, representing 1.000% of the total share capital, will be sold through centralized bidding trades within any consecutive 90 natural days. The reduction will be made through centralized bidding trades or block trades, with the shares originating from those held before the company's initial public offering.