Yuanchang New Materials: Shareholders plan to reduce their holdings of the company's shares by no more than 6% in total.

On May 23, Yuanxiang New Materials announced that the shareholder Huaxing Venture Capital plans to reduce its holdings of the company's shares by centralized bidding transactions or block transactions within 3 months after 15 trading days from the date of disclosure of the announcement, that is, no more than 5.00% of the company's current total share capital. Huang Chunrong, a shareholder and director, plans to reduce his holdings of the company's shares by centralized auction trading by no more than 626,100 shares, that is, no more than 1.00% of the company's current total share capital, within 3 months after 15 trading days from the date of disclosure of the announcement.