Xinte New Material (688398.SH) controlling shareholder plans to reduce its shareholding by no more than 3%

Translated to Zhtng Financial News APP, Sat New Materials (688398.SH) announced that the company's controlling shareholder, actual controller, and chairman Wang Kunming, due to personal fund needs, intends to reduce the company's shares by a total of no more than 5,034,400 shares through block trades and centralized bidding, not exceeding 3% of the company's total share capital.