Chairman and supervisor of South Asia New Materials (688519.SH) plan to jointly reduce their shareholding by no more than 1.71%.

Financial news from Wisdom Financial APP: South Asia New Materials (688519.SH) announced that recently, the company has received notification letters from its actual controller and chairman, Bao Xiuyin, and supervisor Jin Jianzhong, regarding their plans to reduce their holdings of the company's shares. The specific reduction plans are as follows: Mr. Bao Xiuyin intends to reduce his holdings of the company's shares by a total of no more than 3.736 million shares, representing no more than 1.59% of the total share capital of the company, through centralized bidding and block trading due to personal financial needs; Mr. Jin Jianzhong intends to reduce his holdings of the company's shares by no more than 270,000 shares, representing no more than 0.12% of the total share capital of the company, through centralized bidding due to personal financial needs.