Hua Zheng New Materials: The supervisors and senior executives plan to reduce their holdings of the company's shares by no more than 0.088% in total.

On July 20th, Huazheng New Materials announced that the Chairman of the Supervisory Board, Tang Xinqiang, and the Vice General Manager and Chief Financial Officer, Yu Gao, due to personal financial needs, plan to reduce their holdings of the company's shares by no more than 11,460 shares and 1,030 shares, respectively, within 3 months after 15 trading days from the date of the announcement through centralized bidding, representing no more than 0.0807% and 0.0073% of the total share capital of the company. The price of the reduction will be determined based on the market price at the time of the reduction.