Xinghua New Materials: Specific shareholder Niujiang plans to reduce company's shares by 1.17%

Xinghua New Material announced that a specific shareholder, Niujiang, plans to reduce its holdings of 1,997,667 shares of the company, accounting for 1.17% of the total share capital, through centralized bidding and block trading within three months after the disclosure of the announcement. The reason for the reduction is personal fund needs, and the reduction price will be determined according to market prices and trading methods. Niujiang has strictly fulfilled its share lock-up and reduction commitments, and this reduction plan will not lead to a change in the company's controlling ownership.