Longhua New Material: Controlling shareholder Han Zhigang plans to reduce his holding of the company's shares by no more than 1%.

Longhua New Materials announced that the company's controlling shareholder, one of the actual controlling persons, and chairman Han Zhigang plans to reduce his holdings of the company's shares by no more than 4.3 million shares, accounting for 1% of the total share capital of the company, within 3 months after 15 trading days from the date of the announcement through centralized bidding. The reason for the reduction is personal fund requirements, and the reduction will be done through centralized bidding transactions, with the reduction price determined based on market prices.