Shanghai Xiangyuan New Materials: Shareholder Wuhan Xiangyuan Zhongxin plans to reduce its holdings by no more than 0.87%.

Shangyuan New Materials announcement, the controlling shareholder with 3.87 million shares, the concerted action person Wuhan Shangyuan Zhongxin Plan plans to reduce their holdings by no more than 1.2 million shares within 3 months after the disclosure of this announcement, through centralized bidding or block trading, with the block trading proportion not exceeding 2% within any consecutive 90 natural days and the centralized bidding not exceeding 1%.