Kolon New Material: Shareholders Heenway Group plan to reduce their shareholding by no more than 2%.

Cologne New Materials announced that the shareholder Ningbo Heen Weiye Venture Investment Partnership Enterprise, holding more than 5% of the shares, holds 5.4344 million shares, accounting for 6.6827%. They plan to reduce their holdings by no more than 1.6264 million shares, accounting for 2% of the total shares, within 3 months after 30 trading days from the disclosure date through centralized bidding or block trading. The selling price will be determined based on market prices. The stocks were acquired before the company was listed on the Beijing Stock Exchange, and the reason for the reduction is for business development needs.