Lunghwa New Materials: Controlling shareholder and persons acting in concert reduce their shareholding resulting in a change in equity of 1%

date
15/01/2026
Lung Hwa New Materials announced that the company's controlling shareholder and actual controller, Han Zhigang, and his concerted action parties, Han Yuexing and Xue Anbin, had planned to collectively reduce their holdings by a total of no more than 12.9 million shares within three months after 15 trading days from the date of the pre-disclosed announcement on December 6, 2025. On January 12-14, 2026, Han Yuexing reduced holdings by 3 million shares, and Xue Anbin indirectly reduced holdings by 5.6 million shares. After this change in equity, their total shareholding ratio decreased from 54.9958% to 52.9958%, with a cumulative change of a multiple of 1%, without affecting control rights and operations.