Hubei Xiangyuan New Material Technology Inc. (300980.SZ) shareholder Linghui Investment plans to reduce its holdings by up to 949,500 shares.

Hubei Xiangyuan New Material Technology Inc. (300980.SZ) announcement, the company's shareholder Ningbo Meishan Free Trade Port Area Linghui Investment Partnership Enterprise (limited partnership) (referred to as "Linghui Investment") plans to reduce its total holding of company shares by no more than 949,500 shares through centralized bidding or block trading (accounting for no more than 0.70% of the company's total share capital excluding repurchased shares, and no more than 0.69% of the company's total share capital as disclosed in the latest disclosure), to be implemented within 3 months from the date of this announcement after 3 trading days.