Xinlong Holdings: Shareholder Hainan Zhuhua plans to reduce its shareholding by no more than 3%

Xinlong Holdings announced that Hainan Zhuhua Science and Technology Trade Co., Ltd., a shareholder with more than 5% of the shares, plans to reduce its holdings by no more than 16.15 million shares through centralized auction trading and block trading within 3 months after the announcement, starting from the 15th trading day after the announcement, accounting for no more than 3% of the total share capital of the company. Among them, the number of shares reduced through centralized auction trading in any consecutive 90 natural days shall not exceed 5.383 million shares, and the number of shares reduced through block trading shall not exceed 10.767 million shares. The selling price shall be determined based on market price.