Hua Zheng New Materials: The supervisor and senior executives are planning to collectively reduce their shareholdings by no more than 124,900 shares. The reduction has not been implemented yet.

Hua Zhengxin New Materials announced the abnormal trading fluctuations of its stock. In the announcement released on July 20, the Chairman of the Board of Supervisors of the company, Tang Xinqiang, and the Deputy General Manager and Chief Financial Officer, Yu Gao, plan to reduce their holdings of company shares by no more than 114,600 shares and 10,300 shares, respectively, within three months after the disclosure of the reduction plan, using the centralized bidding method, and not exceeding 25% of their holdings. As of now, the above reduction plan has not been implemented.