South Asia New Materials ( 688519.SH ): Multiple shareholders plan to reduce their holdings

Gelonghui April 7th | Nanya New Material (688519.SH) announces that this share reduction plan involves 7 shareholders and is scheduled to take place within 3 months after 15 trading days from the disclosure of this announcement. Bao Xiuyin plans to reduce no more than 2.8 million shares, accounting for no more than 1.19% of the company’s total share capital; Bao Aifang plans to reduce no more than 180k shares, accounting for no more than 0.08% of the company’s total share capital; Zhou Jufen plans to reduce no more than 102,000 shares, accounting for no more than 0.04% of the company’s total share capital; Bao Yaocong plans to reduce no more than 34,000 shares, accounting for no more than 0.01% of the company’s total share capital; Bao Sijiao plans to reduce no more than 34,000 shares, accounting for no more than 0.01% of the company’s total share capital; Bao Yangyu plans to reduce no more than 34,000 shares, accounting for no more than 0.01% of the company’s total share capital; Zhang Dong plans to reduce no more than 381,000 shares, accounting for no more than 0.16% of the company’s total share capital.

During this reduction plan period, within any consecutive 90 calendar days, the total shares reduced by centralized bidding shall not exceed 1% of the company’s total shares, and the total shares reduced by block trades shall not exceed 2% of the company’s total shares.