Xianglou New Materials: Controlling shareholder and concerted actor, shareholder holding changes affecting 1%

Xianglou New Materials announced that the company issued 2.061 million shares to specific targets, which will be listed on July 14, increasing the total share capital to 167 million shares. The controlling shareholder, actual controller Qian Hesheng, along with their concerted action parties and Ascending Holdings subscribed, increasing their total shares from 31.31% to 32.16%; Tang Weiguo, a shareholder holding more than 5% of the shares, saw his shareholding diluted passively from 8.05% to 7.95%, both changes in shareholdings involved increments of 1%.