Mingxin New Material (605068.SH) shareholders and former employees before the IPO plan to collectively reduce their holdings by no more than 3%.

Mingxin Xuteng (605068.SH) announced that the company's controlling shareholder and ultimate controller, Zhuang Yan, plans to reduce their holdings of the company's shares by a total of no more than 2.433 million shares (1.5% of the total share capital) through block trades within 3 months after 15 trading days. The company's controlling shareholder, ultimate controller, and the company's pre-IPO employee holding platform Xuteng Investment plan to reduce their holdings of the company's shares by a total of no more than 2.433 million shares (1.5% of the total share capital) through centralized bidding and block trade methods within 3 months after 15 trading days.