JinQi New Materials (001212.SZ) shareholder Hainan Yuminghua and its concerted action parties plan to reduce their holdings by no more than 3%.

China Finance App News, Zhongqi New Materials (001212.SZ) announced that the company's shareholder Hainan Yuminghua Entrepreneurship Investment Co., Ltd. (hereinafter referred to as "Hainan Yuminghua") and its concerted action person Mr. Xiong Hongwen plan to reduce their holdings of the company's shares through centralized bidding and block trading within three months after the disclosure date of this announcement (August 25, 2025 to November 24, 2025). The maximum number of shares to be reduced shall not exceed 3% of the total share capital of the company after deducting the shares in the repurchase special account.