Parker New Material (605123.SH) controlling shareholder plans to reduce its holding by no more than 3% of shares.

Zhitong Finance APP News, Parker New Materials (605123.SH) released an announcement. Recently, the company received a notice from its controlling shareholder and actual controller, Ms. Zong Liping, who intends to reduce her direct holding of company shares through block trading and centralized bidding methods for her own needs, not exceeding 3,635,100 shares, or 3% of the total share capital.