Huada New Material: Multiple shareholders intend to reduce their holdings.

Hwada New Materials announced that its shareholder Hangzhou Fuyang Renxiang Investment plans to conduct centralized bidding to reduce its holdings by no more than 2.902 million shares, accounting for 0.57% of the total shares, within 3 months from the expiration of 15 trading days after disclosure. Hangzhou Fuyang Hengjin Investment plans to reduce its holdings by 1.9001 million shares, accounting for 0.37%, and Hangzhou Fuyang Jufeng Investment plans to reduce its holdings by 2.6584 million shares, accounting for 0.52%. Renxiang Investment, Hengjin Investment, and Jufeng Investment currently hold 41.6478 million shares, 5.5484 million shares, and 5.2562 million shares respectively.