Xinhe New Material: Shang Rong Baoying and its concerted parties plan to reduce their shareholding by no more than 3,028,200 shares.

Sinofibers announced on September 24th that the company's shareholder, Shangrong Baoying, and its concerted action party, Shangrong Juyuan, plan to reduce their holdings of the company's shares by no more than 3.0282 million shares through centralized bidding or block trading.