Western Materials: Controlling shareholder Northwest Nonferrous Institute intends to reduce its holdings by no more than 1%

Sina Finance reported on March 31st that Western Materials announced that its controlling shareholder, the Northwest Nonferrous Metal Research Institute, holds 120 million shares, accounting for 24.68% of the total shares. They plan to reduce their holdings by no more than 4.8821 million shares, or 1% of the total, through centralized bidding or bulk trading within 3 months after 15 trading days from the disclosure date. The price range for the reduction will be determined based on the market price at the time of implementation, and the reason for the reduction is the shareholder's own financial needs.