Lushan New Materials: Lushan Information plans to reduce its shareholding by no more than 1% of the company's shares.

Lushan New Materials announcement, shareholder Lushan Information due to capital needs, plans to reduce its holdings by no more than 1.0426 million shares, or no more than 1% of the total share capital of the company through centralized bidding trading method within 3 months after 15 trading days from the announcement, the reduction price will be determined based on market prices.