Renxin New Material (301395.SZ) shareholders Zheng Chanyu and director Qiu Hongwei plan to reduce their holdings of the company's shares.

Zhito Caijing APP News, Renxin New Material (301395.SZ) announced that Ms. Zheng Chanyu, a shareholder of the company, plans to reduce the company's unrestricted circulating shares by up to 2.3935 million shares through centralized bidding, accounting for 0.9856% of the total share capital of the company (1% of the total share capital after deducting repurchased shares), and reduce the company's shares by up to 4.787 million shares through block trading, accounting for 1.9712% of the total share capital of the company (2% of the total share capital after deducting repurchased shares). Director Mr. Qiu Hongwei plans to reduce his holding of the company's unrestricted circulating shares by up to 945,000 shares, accounting for 0.3891% of the total share capital of the company (0.3948% of the total share capital after deducting repurchased shares).