Huilong New Materials: The controlling shareholder and concerted action parties plan to reduce their holdings of the company's shares by no more than 3%.

Huilon New Materials announced that the company's shareholder Deqing Huilon Enterprise Management Partnership plans to reduce its holdings of the company's shares by no more than 3,482,902 shares, or 3.00% of the company's total share capital, within three months after 15 trading days from the date of disclosure of this announcement through centralized bidding or block trading.