Tengyuan Cobalt Industry (301219.SZ) shareholders Xiamen Tungsten Industry and Changjiang Morning Dao plan to collectively reduce their shareholdings by not more than 2%.

Zhtng Cijng APP news, Tengyuan Cobalt (301219.SZ) announced that the company has received a "Stock Reduction Plan Notice Letter" from Xiamen Tungsten Co., Ltd. ("Xiamen Tungsten") and Changjiang Chendao, a partnership enterprise of Ningbo Meishan Bonded Port Area, Chendao Investment Partnership Enterprise (Limited Partnership) - Changjiang Chendao (Hubei) New Energy Industry Investment Partnership Enterprise (Limited Partnership) ("Changjiang Chendao"), both of which hold more than 5% of the company's shares, indicating their intention to reduce their holdings.