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Kelong New Materials: Shareholder Heen Weiye plans to reduce holdings by no more than 2% of shares
Colony New Materials Announcement: A shareholder holding more than 5% of the shares, Ningbo Heen Weiye Venture Capital Partnership (Limited Partnership), holds 5.4344 million shares, representing 6.6827%. It plans to reduce its holdings by no more than 1.6264 million shares, or 2% of the total share capital, within three months after 30 trading days from the date of announcement disclosure, by means of centralized bidding or block trading. The reduction price will be determined according to market prices. The shares were acquired before listing on the Beijing Stock Exchange. The reason for the reduction is business development needs.