Xinghua New Materials falls more than 5%, specific shareholder Niu Jiang intends to reduce 1.17% of the company's shares.

Xinghua New Materials fell 5.46% to 26.66 yuan in early trading today. Xinghua New Materials announced that a specific shareholder, Niu Jiang, plans to reduce his 1,997,667 shares of the company, accounting for 1.17% of the total share capital, through centralized bidding and block trading within three months after the disclosure of the announcement.