Jiangsu Xiangteng New Materials Co., Ltd. (hereinafter referred to as "the Company" or "Xiangteng New Materials") disclosed the "Pre-disclosure Announcement on Shareholder Share Reduction" (Announcement No. 2025-052) on November 25, 2025. Shareholders Shanghai Xianghe Yongyuan Equity Investment Partnership (Limited Partnership), Shanghai Longxin Private Investment Fund Partnership (Limited Partnership), Shenzhen Nanshan District Yongquan Private Venture Capital Fund Partnership (Limited Partnership), and Shanghai Yongyue Venture Capital Partnership (Limited Partnership) reduced their holdings in the Company through centralized bidding and block trading, totaling no more than 2,060,604 shares (accounting for 3% of the Company's total share capital). This reduction plan is to be executed within three months starting from 15 trading days after the announcement (from December 17, 2025, to March 16, 2026).
Recently, the Company received a "Notice of Progress on Share Reduction Plan Implementation" from shareholders Xianghe Yongyuan, Shanghai Longxin, Nanshan Yongquan, and Shanghai Yongyue, indicating that from January 5, 2026, to February 5, 2026, they have cumulatively reduced their holdings by 686,870 shares, accounting for 1% of the total share capital. After this equity change, the total number of shares held by these shareholders decreased from 5,494,903 shares to 4,808,033 shares, and their total shareholding ratio decreased from 8% to 7%, reaching an integer multiple of 1%.