Boc New Material: Shareholders plan to reduce their stake in the company by 1.01%.

Platinum New Materials announced that its shareholder Shenzhen Platinum Tiancheng Investment Management Co., Ltd. plans to reduce its holdings by no more than 2.9174 million shares, accounting for 1.01% of the total shares of the company, through centralized competitive bidding or block trading within 3 months after the announcement date. The reason for the reduction is the personal fund needs of the employees, and the reduction price will be determined according to market conditions. Platinum Tiancheng is not the controlling shareholder or actual controller of the company, and this reduction will not have a significant impact on the corporate governance structure and continuous operation.