Zhongqi New Materials: Shareholders intend to collectively reduce their holdings by no more than 3% of the company's shares.

On the evening of August 3, Zhongqi Xincai announced that the company's shareholder, Hainan Yuminghua and its concerted action person Xiong Hongwen, plan to reduce their holdings of the company's shares by means of centralized bidding and block trading within three months after the disclosure of the announcement. The total number of shares to be reduced shall not exceed 5.427 million shares, and the total reduction ratio shall not exceed 3% of the total share capital of the company after excluding the shares in the repurchase special account.