Yao Pi Glass: China Composite Materials plans to reduce its company's shares by no more than 2%

Yao Glass announced that China Composite Materials plans to reduce its holdings by no more than 2% of the total share capital of the company, or no more than 18.6983 million shares, through block trading from August 11, 2025 to November 10, 2025. China Composite Materials currently holds 100 million shares of the company, accounting for 10.74% of the total share capital. The reduction price will be determined based on market price. This reduction plan is based on the strategic planning and business development needs of shareholders holding more than 5% of the company, focusing on the needs of the main responsibility industry of composite materials, and will not have a significant impact on the company's governance structure and continuous operation.