Huibo New Materials: Shareholder Dongrui International plans to reduce its stake by no more than 3.00%.

Huibao New Materials announced that shareholder Dongrui International Limited intends to reduce its holdings of the company's shares by not more than 2.768 million shares, or 3.00% of the total share capital, through centralized bidding or block transactions within 3 months after the announcement date 15 trading days later due to its own funding needs.