Xinxiang Chemical Fiber: Shareholders holding more than 5% of the shares plan to reduce their holdings by no more than 1%.

Xinxiang Chemical Fiber announced that its shareholder, Zhongyuan Asset Management Co., Ltd., which holds 11.76% of the shares, plans to reduce its holdings by a maximum of 16.5689 million shares, accounting for 1% of the total share capital of the company, within 3 months after 15 trading days from the disclosure of this announcement through centralized bidding. The reason for the reduction is the need for its own funds. The implementation of this reduction plan is uncertain and will not result in a change in the controlling interest of the company.