Zhangyuan Tungsten Industry: Controlling shareholder plans to reduce their stake by no more than 2%.

Changyuan Tungsten Industry Announcement: The controlling shareholder, Chongyi Changyuan Investment Holding Co., Ltd., holds 7.06 billion shares of the company, accounting for 58.72%. They plan to reduce their holdings by no more than 24 million shares, or 2%, through block trading within 3 months after the announcement disclosure, from October 14, 2025 to January 13, 2026.