Xianglou New Materials: Several shareholders and senior executives plan to reduce their holdings by no more than 1.27% of the shares.

Shanghai Xianglou New Materials announced that Tang Weiguo, a shareholder holding 8.05% of the shares and also the director and general manager, Zhang Xiao, a director and deputy general manager holding 1.02% of the shares, Cao Jufen, a director and deputy general manager and finance director holding 0.61% of the shares, and Zhang Yuping, a director and deputy general manager holding 0.32% of the shares, plan to reduce their holdings through centralized bidding by a maximum of 1.5 million shares, 300,000 shares, 200,000 shares, and 100,000 shares respectively within three months after fifteen trading days starting from June 26. This reduction plan is subject to uncertainty and will not lead to a change in the company's control.